Louisiana Civil Code 1896 – Rules of imputation of payment
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Terms Used In Louisiana Civil Code 1896
- 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.
If an obligor owes more than one obligation subject to compensation, the rules of imputation of payment must be applied.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.