Terms Used In Louisiana Civil Code 1824

  • 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.

A person who, by agreement with the obligee, has assumed another’s obligation may not raise against the obligee any defense based on the relationship between the assuming obligor and the original obligor.

The assuming obligor may raise any defense based on the relationship between the original obligor and obligee.  He may not invoke compensation based on an obligation owed by the obligee to the original obligor.

Acts 1984, No. 331, §1, eff. Jan. 1, 1985.