Louisiana Revised Statutes 51:1403 – Prohibited contracts
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Terms Used In Louisiana Revised Statutes 51:1403
- Consumer: means any person who uses, purchases, or leases goods or services. See Louisiana Revised Statutes 51:1402
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: means a natural person, corporation, trust, partnership, incorporated or unincorporated association, and any other legal entity. See Louisiana Revised Statutes 51:1402
Any consumer contract, express or implied, made by any person, firm, or corporation in violation of this Chapter is an illegal contract and no recovery thereon shall be had.
Acts 2006, No. 218, §1, eff. June 2, 2006.