Contracts
A 'Credit Sale' in Louisiana refers to:
AA sale financed by a bank
BA sale where the seller finances part of the purchase price and retains a vendor's lien✓ Correct
CA sale made on credit card
DA sale contingent on the buyer obtaining financing
Explanation
A Louisiana Credit Sale occurs when the seller finances part or all of the purchase price, retaining a vendor's lien on the property until the obligation is satisfied.
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