Louisiana Civil Code 2006 – Nullity of the principal obligation
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Terms Used In Louisiana Civil Code 2006
- 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.
Nullity of the principal obligation renders the stipulated damages clause null.
Nullity of the stipulated damages clause does not render the principal obligation null.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.