Louisiana Civil Code 2904 – Loan for consumption; definition
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Terms Used In Louisiana Civil Code 2904
- Contract: A legal written agreement that becomes binding when signed.
The loan for consumption is a contract by which a person, the lender, delivers consumable things to another, the borrower, who binds himself to return to the lender an equal amount of things of the same kind and quality.
Acts 2004, No. 743, §1, eff. Jan. 1, 2005.