State Ex Rel. Bond v. Register of Conveyances

Relator is the owner of cer-

tain real estate in the city of New Orleans, which he placed for sale with S. L. Jacobs, a real estate agent. On September 14, 1925, Naihan Rosenberg made a written offer to purchase the property for $9,200. On the sanie day the offer was accepted in writing by Jacobs on behalf of his principal. In Rosenberg’s proposition it was stipulated:

“As soon as this offer is accepted in writing, I will deposit on account of the purchase price $920, which deposit is to be noninterest bearing and is not to be considered as earnest money; the parties hereto reserving the right…