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Terms Used In Louisiana Revised Statutes 51:304

  • Contract: A legal written agreement that becomes binding when signed.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10

No person shall issue certificates to be known as rebate certificates or any evidence of indebtedness, if the contract upon which the certificates are based, is to control the business of the party thereto.