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LIPSCOMB v. CHADBOURNE

Nos. 12870, 12871.

378 So.2d 147 (1979)

Willard L. LIPSCOMB v. Robert H. CHADBOURNE, Dorothy G. Chadbourne and Latter & Blum, Inc. LATTER & BLUM, INC. v. Robert H. CHADBOURNE and Dorothy G. Chadbourne.

Court of Appeal of Louisiana, First Circuit.

November 12, 1979.

Attorney(s) appearing for the Case

David E. Cooley, Jr., Slidell, for plaintiff, appellee.

Mark Alan Jolissaint, Slidell, for defendants, appellants Chadbournes.

Edward J. McCloskey, New Orleans, for defendant, appellee Latter & Blum, Inc.

Before COVINGTON, LOTTINGER and COLE, JJ.

COLE, Judge.

The principal issue before us is whether vendors selling for cash are bound under a buy and sell agreement when the purchaser, whose obligation to buy is conditioned upon his ability to secure a certain type loan, verbally agrees to go through with the sale using a different loan arrangement.

This dispute, involving two suits which have been consolidated, arises out of a real estate transaction in which...

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