FARNSWORTH/SAMUEL LTD. v. CERVINI

No. CA-4967.

492 So.2d 1245 (1986)

FARNSWORTH/SAMUEL LIMITED v. Warren A. CERVINI, III and Harold B. White, Jr.

Court of Appeal of Louisiana, Fourth Circuit.

Rehearing Denied September 17, 1986.


Attorney(s) appearing for the Case

Gary J. Rouse, New Orleans, for appellee.

John J. Lee, Jr., Metairie, for appellant.

Before GULOTTA, KLEES and BYRNES, JJ.


GULOTTA, Judge.

This is a concursus proceeding involving conflicting claims to money deposited under an agreement to purchase or sell real estate. In a summary judgment ordering a refund of the deposit to the buyer after the act of sale failed to pass, the trial judge concluded that the agreement was a nullity because the buyer had been unable to satisfy a suspensive condition of obtaining mortgage financing to purchase the property. We reverse and remand.

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