Louisiana Civil Code 2467 – Transfer of risk
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Terms Used In Louisiana Civil Code 2467
- Contract: A legal written agreement that becomes binding when signed.
The risk of loss of the thing sold owing to a fortuitous event is transferred from the seller to the buyer at the time of delivery.
That risk is so transferred even when the seller has delivered a nonconforming thing, unless the buyer acts in the manner required to dissolve the contract.
Acts 1993, No. 841, §1, eff. Jan. 1, 1995.