Louisiana Civil Code 3133 – Liability of an obligor for his obligations
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Terms Used In Louisiana Civil Code 3133
- 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.
Art. 3133. Liability of an obligor for his obligations
Whoever is personally bound for an obligation is obligated to fulfill it out of all of his property, movable and immovable, present and future.
Acts 2014, No. 281, §1, eff. Jan. 1, 2015.