Louisiana Civil Code 3023 – Undisclosed mandate or principal; obligations of third person
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Terms Used In Louisiana Civil Code 3023
- Contract: A legal written agreement that becomes binding when signed.
- 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.
A third person with whom a mandatary contracts without disclosing his status or the identity of the principal is bound to the principal for the performance of the contract unless the obligation is strictly personal or the right non-assignable. The third person may raise all defenses that may be asserted against the mandatary or the principal.
Acts 1997, No. 261, §1, eff. Jan. 1, 1998.