Louisiana Civil Code 2301 – Obligation under suspensive condition
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Terms Used In Louisiana Civil Code 2301
- 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 thing is not owed when it is paid or delivered for discharge of an obligation that is subject to a suspensive condition.
Acts 1995, No. 1041, §1, eff. Jan. 1, 1996.