Contracts
A 'bond for deed' in Louisiana is a type of:
ATitle insurance bond
BSeller-financed installment sale contract where the deed is delivered when payments are complete✓ Correct
CGovernment bond secured by real estate
DPerformance bond required for contractors
Explanation
A bond for deed (pacte de préférence) in Louisiana is an installment sales contract where the seller agrees to deliver the deed (Act of Sale) once the buyer has completed all required payments — a form of seller financing unique to Louisiana.
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