Louisiana Civil Code 1902 – Compensation by judicial declaration
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Terms Used In Louisiana Civil Code 1902
- 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.
Although the obligation claimed in compensation is unliquidated, the court can declare compensation as to that part of the obligation that is susceptible of prompt and easy liquidation.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.