Louisiana Civil Code 1888 – Express or tacit remission
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Terms Used In Louisiana Civil Code 1888
- 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 remission of debt by an obligee extinguishes the obligation. That remission may be express or tacit.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.