Louisiana Civil Code 3039 – Suretyship requires no formal acceptance
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Terms Used In Louisiana Civil Code 3039
- 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.
Suretyship is established upon receipt by the creditor of the writing evidencing the surety’s obligation. The creditor’s acceptance is presumed and no notice of acceptance is required.
Acts 1987, No. 409, §1, eff. Jan. 1, 1988.