Smith & Standifer v. Ivey Bros.

Citations

• 119 La. 357
• 44 So. 126
• 1907 La. LEXIS 482

Syllabus

<p>Sales — Contract—Option.</p> <p>An agreement to sell conditioned on the payment of a certain sum at a specified date, the prospective, purchaser promising, in case of his failure to pay, to return the property delivered to him, is an option to purchase, and not a contract to pay the price or to return the property purchased.</p> <p>[Ed. Note. — For cases in point, see Cent. Dig. vol. 43, Sales, §§ 49-51.]</p> <p>(Syllabus by the Court.)</p>