Louisiana Exchange Option

State:
Multi-State
Control #:
US-TC05082C
Format:
Word; 
PDF; 
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Description

This is an exchange option to the software/services master agreement order form. For a period of months after the delivery of the software, the customer may return the software for software of like functionality or purpose, or for software of a type and description agreed upon by the parties.

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FAQ

In this transaction with France, signed on April 30, 1803, the United States purchased 828,000 square miles of land west of the Mississippi River for $15 million. For roughly 4 cents an acre, the United States doubled its size, expanding the nation westward.

The Louisiana Purchase eventually doubled the size of the United States, greatly strengthened the country materially and strategically, provided a powerful impetus to westward expansion, and confirmed the doctrine of implied powers of the federal Constitution.

In Louisiana, options to buy have a 10 year limit. If the lessee (tenant) elects to exercise the option (chooses to buy the property), their past rental payments are applied to the purchase price of the property.

2625. A party may agree that he will not sell a certain thing without first offering it to a certain person. The right given to the latter in such a case is a right of first refusal that may be enforced by specific performance.

While other states have earnest money, in Louisiana we have deposits. Lines 107-119 outline how much the deposit will be, who it will be held by, and the penalty for failing to deliver the funds to the listing agent. Buyers are limited to 72 hours to deliver the deposit before being in default.

If France had not sold Louisiana to the United States in 1803, it would have shortly lost the territory. There's no reason to think that the retention of Louisiana would have done anything to avert the collapse of the year-long Anglo-French peace inaugurated by the 1802 Treaty of Amiens .

In Louisiana, options to buy have a 10 year limit. If the lessee (tenant) elects to exercise the option (chooses to buy the property), their past rental payments are applied to the purchase price of the property.

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Louisiana Exchange Option