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You are here: Home / Obligations and Contracts / Obligations and Contracts – Conditional Obligations

Obligations and Contracts – Conditional Obligations

July 30, 2018 By Louisiana Notary Leave a Comment

Obligations and Contracts – 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.

Art. 1768. Expressed and implied conditions. Conditions may be either expressed in a stipulation or implied by the law, the nature of the contract, or the intent of the parties.

Art. 1769. Unlawful or impossible condition. A suspensive condition that is unlawful or impossible makes the obligation null.

Art. 1770. Condition that depends on the whim or the will of the obligor A suspensive condition that depends solely on the whim of the obligor makes the obligation null. A resolutory condition that depends solely on the will of the obligor must be fulfilled in good faith.

Filed Under: Obligations and Contracts Tagged With: Conditional Obligations

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