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You are here: Home / Obligations and Contracts / Obligations and Contracts- Object

Obligations and Contracts- Object

July 31, 2018 By Louisiana Notary Leave a Comment

Obligations and Contracts – Object

Art. 1971. Freedom of parties. Parties are free to contract for any object that is lawful, possible, and determined or determinable.

Art. 1972. Possible or impossible object. A contractual object is possible or impossible according to its own nature and not according to the parties’ ability to perform.

Art. 1973. Object determined as to kind. The object of a contract must be determined at least as to its kind. The quantity of a contractual object may be undetermined, provided it is deter­minable.

Art. 1974. Determination by third person. If the determination of the quantity of the object has been left to the discretion of a third person, the quantity of an object is determinable. If the parties fail to name a person, or if the person named is unable or unwilling to make the determination, the quantity may be determined by the court.

Art. 1975. Output or requirements. The quantity of a contractual object may be determined by the output of one party or the requirements of the other. In such a case, output or requirements must be measured in good faith.

Art. 1976. Future things. Future things may be the object of a contract. The succession of a living person may not be the object of a contract other than an antenuptial agreement. Such a succession may not be renounced.

Filed Under: Obligations and Contracts Tagged With: Object

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