Louisiana Civil Code 2903 – Liberative prescription
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Terms Used In Louisiana Civil Code 2903
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
An action of the lender for damages because of alteration or deterioration of the thing lent and an action of the borrower for reimbursement of expenses are subject to a liberative prescription of one year. These prescriptions commence to run from the day of the return of the thing.
Acts 2004, No. 743, §1, eff. Jan. 1, 2005.