Art. 3263 Terms of sale

When property from an estate is sold, it usually has to be a cash sale. This means the buyer pays the full price up front, not over time.

The only exception is if the person handling the estate (called the succession representative) asks the court for permission to sell on credit. If the court agrees to this, it will spell out exactly how the credit sale will work. This includes things like the payment schedule and what kind of security or collateral the buyer must provide to guarantee they will pay.

In short, this rule protects the estate by making sure sales are cash deals unless a judge specifically approves a different setup and puts safeguards in place.