Louisiana Civil Code 3289 – Acceptance
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Terms Used In Louisiana Civil Code 3289
- Contract: A legal written agreement that becomes binding when signed.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
A contract of mortgage need not be signed by the mortgagee, whose consent is presumed and whose acceptance may be tacit.
Acts 1991, No. 652, §1, eff. Jan. 1, 1992.