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Home » US Law » 2022 Louisiana Laws » Civil Code » CHAPTER 10. OF THE OBLIGATIONS OF THE BUYER

Art. 2549. Obligations of the buyer

CHAPTER 10. OF THE OBLIGATIONS OF THE BUYER Art. 2549. Obligations of the buyer The buyer is bound to pay the price and to take delivery of the thing. Acts 1993, No. 841, §1, eff. Jan. 1, 1995.

Art. 2550. Time and place of payment of price

Art. 2550. Time and place of payment of price Payment of the price is due at the time and place stipulated in the contract, or at the time and place of delivery if the contract contains no such stipulation. Acts 1993, No. 841, §1, eff. Jan. 1, 1995.

Art. 2553. Interest on price

Art. 2553. Interest on price The buyer owes interest on the price from the time it is due. Acts 1993, No. 841, §1, eff. Jan. 1, 1995.

Art. 2555. Liability of the buyer who fails to take delivery

Art. 2555. Liability of the buyer who fails to take delivery A buyer who fails to take delivery of the thing after a tender of such delivery, or who fails to pay the price, is liable for expenses incurred by the seller in preservation of the thing and for other damages sustained by the seller. […]

Art. 2561. Dissolution of sale for nonpayment of price

Art. 2561. Dissolution of sale for nonpayment of price If the buyer fails to pay the price, the seller may sue for dissolution of the sale. If the seller has given credit for the price and transfers that credit to another person, the right of dissolution is transferred together with the credit. In case of […]

Art. 2563. Payment of price after expiration of term but prior to default

Art. 2563. Payment of price after expiration of term but prior to default When the contract of sale of an immovable expressly provides for dissolution in case of failure to pay the price, the buyer still has the right to pay, in spite of the express dissolution clause, for as long as the seller has […]

Art. 2564. Dissolution of sale of movables

Art. 2564. Dissolution of sale of movables If the thing is movable and the seller chooses to seek judicial dissolution of the sale because of the failure of the buyer to perform, the court may not grant to the buyer any extension of time to perform. Acts 1993, No. 841, §1, eff. Jan. 1, 1995.