Louisiana Civil Code 1994 – Obligor liable for failure to perform
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Terms Used In Louisiana Civil Code 1994
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- 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.
An obligor is liable for the damages caused by his failure to perform a conventional obligation.
A failure to perform results from nonperformance, defective performance, or delay in performance.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.