Louisiana Civil Code 1889 – Presumption of remission
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Terms Used In Louisiana Civil Code 1889
- 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.
An obligee’s voluntary surrender to the obligor of the instrument evidencing the obligation gives rise to a presumption that the obligee intended to remit the debt.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.