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Terms Used In Louisiana Civil Code 3032

  • 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.

Upon termination of the mandate, unless this obligation has been expressly dispensed with, the mandatary is bound to account for his performance to the principal.

Acts 1997, No. 261, §1, eff. Jan. 1, 1998.