TITLE IV. CONVENTIONAL OBLIGATIONS OR CONTRACTS CHAPTER 1. GENERAL PRINCIPLES Art. 1906. Definition of contract A contract is an agreement by two or more parties whereby obligations are created, modified, or extinguished. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Art. 1907. Unilateral contracts A contract is unilateral when the party who accepts the obligation of the other does not assume a reciprocal obligation. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Art. 1908. Bilateral or synallagmatic contracts A contract is bilateral, or synallagmatic, when the parties obligate themselves reciprocally, so that the obligation of each party is correlative to the obligation of the other. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Art. 1909. Onerous contracts A contract is onerous when each of the parties obtains an advantage in exchange for his obligation. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Art. 1910. Gratuitous contracts A contract is gratuitous when one party obligates himself towards another for the benefit of the latter, without obtaining any advantage in return. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Art. 1911. Commutative contracts A contract is commutative when the performance of the obligation of each party is correlative to the performance of the other. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Art. 1912. Aleatory contracts A contract is aleatory when, because of its nature or according to the parties’ intent, the performance of either party’s obligation, or the extent of the performance, depends on an uncertain event. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Art. 1913. Principal and accessory contracts A contract is accessory when it is made to provide security for the performance of an obligation. Suretyship, mortgage, pledge, and other types of security agreements are examples of such a contract. When the secured obligation arises from a contract, either between the same or other parties, that contract […]
Art. 1914. Nominate and innominate contracts Nominate contracts are those given a special designation such as sale, lease, loan, or insurance. Innominate contracts are those with no special designation. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Art. 1915. Rules applicable to all contracts All contracts, nominate and innominate, are subject to the rules of this title. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Art. 1916. Rules applicable to nominate contracts Nominate contracts are subject to the special rules of the respective titles when those rules modify, complement, or depart from the rules of this title. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Art. 1917. Rules applicable to all kinds of obligations The rules of this title are applicable also to obligations that arise from sources other than contract to the extent that those rules are compatible with the nature of those obligations. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
