Terms Used In Louisiana Civil Code 2451

  • Contract: A legal written agreement that becomes binding when signed.

A hope may be the object of a contract of sale.  Thus, a fisherman may sell a haul of his net before he throws it.  In that case the buyer is entitled to whatever is caught in the net, according to the parties’ expectations, and even if nothing is caught the sale is valid.

Acts 1993, No. 841, §1, eff. Jan. 1, 1995.