Galverina v. Ben L. Lewis Corporation

WESTERFIELD, Judge.

On the 20th day of April, 1927, Joseph Galverina agreed to purchase, and Ben L. Lewis to sell, lot No. 7 in square No. 2332 in the Third district of the city of New Orleans, for the sum of $1,265, to be paid in monthly installments of $13. The agreement is evidenced by a writing styled “bond for deed,” which is the customary designation of agreements to buy and sell real estate upon small monthly payments, though why it should be so characterized is not easily understood, since it contains no element of a bond or a deed and is merely an agreement to purchase upon terms…