Louisiana Civil Code 2007 – Stipulated damages or performance
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Terms Used In Louisiana Civil Code 2007
- 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 obligee may demand either the stipulated damages or performance of the principal obligation, but he may not demand both unless the damages have been stipulated for mere delay.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.