Louisiana Revised Statutes 51:1553 – Limitation on amount and payment period; prohibition against life contract; permissible service period; single contract
Terms Used In Louisiana Revised Statutes 51:1553
- Contract: A legal written agreement that becomes binding when signed.
- contract for dance studio lessons and other services: means a contract for instruction in ballroom or other types of dancing, and includes lessons and other services, whether given to students individually or in groups. See Louisiana Revised Statutes 51:1551
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
A. No contract or series of contracts for dance studio lessons and other services shall require payment by the person receiving the lessons and other services or the use of the facilities of a total amount in excess of one hundred private hours or five thousand dollars, whichever is less.
B. No contract for dance studio lessons and other services shall require payments or financing by the buyer over a period in excess of two years from the date the contract is entered into, nor shall the term of any such contract be measured by the life of the buyer. However, the lessons and other services to be rendered to the buyer under the contract may extend over a period not to exceed seven years from the date the contract is entered into.
C. All contracts for dance studio lessons and other services which may be in effect between the same seller and the same buyer, the terms of which overlap for any period, shall be considered as one contract for the purposes of this Chapter.
Added by Acts 1979, No. 533, §1.