Contracts
In Louisiana, a 'cash transaction' closing that does not involve any lender financing is typically required to be completed using a(n):
ASimple written agreement
BAuthentic Act of Sale executed before a Louisiana notary✓ Correct
CVerbal agreement between buyer and seller
DLetter of credit from a bank
Explanation
Even in cash transactions, Louisiana requires an authentic Act of Sale (executed before a notary public) to validly transfer title to immovable property and allow the transaction to be recorded in the parish conveyance records.
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