Louisiana Revised Statutes > Title 51 > Chapter 1 > Part VIII > Subpart H – Unsolicited Merchandise
Current as of: 2023 | Check for updates
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Other versions
§ 51:461 | Unsolicited merchandise; obligation of recipient |
§ 51:461.1 | Unsolicited goods; member of organization; obligation of recipient |
Terms Used In Louisiana Revised Statutes > Title 51 > Chapter 1 > Part VIII > Subpart H - Unsolicited Merchandise
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10