CC 1767 - Suspensive and resolutory condition - Louisiana Statutes

SECTION 3. CONDITIONAL OBLIGATIONS

Art. 1767. Suspensive and resolutory condition

A conditional obligation is one dependent on an uncertain event.

If the obligation may not be enforced until the uncertain event occurs, the condition is suspensive.

If the obligation may be immediately enforced but will come to an end when the uncertain event occurs, the condition is resolutory.

Acts 1984, No. 331, §1, eff. Jan. 1, 1985.