Contracts
A 'Cash Sale' in Louisiana means:
AThe buyer pays entirely in cash with no financing
BA sale where the seller takes back a note
CEither a true cash purchase or a sale with third-party financing where no seller financing is involved✓ Correct
DA sale at a foreclosure auction
Explanation
In Louisiana, a 'Cash Sale' refers to an Act of Sale where the purchase price is paid at closing — either with actual cash or with third-party financing proceeds — with no seller-carried mortgage.
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