Louisiana Revised Statutes 51:306 – Rebate certificates; violation no defense to liability on certificates
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Terms Used In Louisiana Revised Statutes 51:306
- Contract: A legal written agreement that becomes binding when signed.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
The person issuing certificates under La. Rev. Stat. 51:304 cannot urge as a defense to any certificates issued, that the liabilities thereunder are based upon the exclusive trade of the party to the contract.