Act of Cash Sale without Warranty - Louisiana 2025

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A warranty bill of sale offers protections for the buyer that a simple receipt does not. This kind of bill of sale clearly details what is being sold and gives a guarantee to the buyer about the sellers ownership rights. The bill of sale promises that the buyer holds full and clear title to the item sold.
Act of Cash Sale means an act of cash sale or other transfer/deed of land to be delivered at the Closing by the applicable Seller conveying to the Purchaser the Transferred Owned Real Property owned by such Seller, substantially in the form set forth in Exhibit B.
A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title. The property is free and clear of all liens and outstanding claims. The title would withstand third-party claims to ownership of the property.
Limitations of Warranty Deeds While warranty deeds offer some key benefits, there are also some limitations, such as: A special warranty deed only guarantees that the title is clear of any claims or encumbrances during the time that the grantor owned the property.
A Louisiana cash sale deed, also known as an act of cash sale, is used to record the sale and transfer of property when the buyer pays in cash. The form lists the names and addresses of the buyer and seller, the amount paid, describes the property, and states that it was transferred.