Louisiana Civil Code 1933 – Option contracts
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Terms Used In Louisiana Civil Code 1933
- Contract: A legal written agreement that becomes binding when signed.
An option is a contract whereby the parties agree that the offeror is bound by his offer for a specified period of time and that the offeree may accept within that time.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.