La. Civ. Code art. 1952
This is the official text of La. Civ. Code art. 1952, part of Louisiana’s Civil Code — louisiana's civil law tradition codifies persons, property, obligations, and family relations here rather than in a separate statutory code.
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Rescission; liability for damages
Official statutory text
A party who obtains rescission on grounds of his own error is liable for the loss thereby sustained by the other party unless the latter knew or should have known of the error.
The court may refuse rescission when the effective protection of the other party's interest requires that the contract be upheld. In that case, a reasonable compensation for the loss he has sustained may be granted to the party to whom rescission is refused.
Acts 1984, No. 331, ยง1, eff. Jan. 1, 1985.
The court may refuse rescission when the effective protection of the other party's interest requires that the contract be upheld. In that case, a reasonable compensation for the loss he has sustained may be granted to the party to whom rescission is refused.
Acts 1984, No. 331, ยง1, eff. Jan. 1, 1985.
Status: in_force · Read it on the official government site
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