Louisiana Civil Code 1977 – Obligation or performance by a third person
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Terms Used In Louisiana Civil Code 1977
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- 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.
The object of a contract may be that a third person will incur an obligation or render a performance.
The party who promised that obligation or performance is liable for damages if the third person does not bind himself or does not perform.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.