Louisiana Civil Code 1904 – Obligation of the surety
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Terms Used In Louisiana Civil Code 1904
- 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.
Confusion of the qualities of obligee and obligor in the person of the principal obligor extinguishes the obligation of the surety.
Confusion of the qualities of obligee and obligor in the person of the surety does not extinguish the obligation of the principal obligor.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.