La. Civ. Code art. 2620
This is the official text of La. Civ. Code art. 2620, 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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Option to buy or sell
Official statutory text
An option to buy, or an option to sell, is a contract whereby a party gives to another the right to accept an offer to sell, or to buy, a thing within a stipulated time.
An option must set forth the thing and the price, and meet the formal requirements of the sale it contemplates.
Acts 1993, No. 841, ยง1, eff. Jan. 1, 1995.
An option must set forth the thing and the price, and meet the formal requirements of the sale it contemplates.
Acts 1993, No. 841, ยง1, eff. Jan. 1, 1995.
Status: in_force · Read it on the official government site
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