Louisiana Civil Code 3081 – Effect on novation
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Louisiana Civil Code 3081
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
A compromise does not effect a novation of the antecedent obligation. When a party fails to perform a compromise, the other party may act either to enforce the compromise or to dissolve it and enforce his original claim.
Acts 2007, No. 138, §1.