Reid v. Blanke

ON MOTION TO DISMISS AND ON THE MERITS

SAMUEL, Judge.

Plaintiffs and defendants entered into a contract by which the former agreed to purchase and the latter agreed to sell certain immovable property and the improvements thereon in the City of Kenner, Louisiana. The contract was written on a standard real estate form which, inter alia, provided that it was conditioned upon the ability of plaintiffs to obtain a mortgage loan in a stipulated amount from the F. H. A. and that, in the event defendants failed to comply with the agreement within the time specified, plaintiffs would have the right to…