CHAPTER 16. OF THE GIVING IN PAYMENT Art. 2655. Giving in payment, definition Giving in payment is a contract whereby an obligor gives a thing to the obligee, who accepts it in payment of a debt. Acts 1993, No. 841, §1, eff. Jan. 1, 1995.
Art. 2656. Delivery essential to a giving in payment Delivery of the thing is essential to the perfection of a giving in payment. Acts 1993, No. 841, §1, eff. Jan. 1, 1995.
Art. 2657. Giving in partial payment An obligor may give a thing to the obligee in partial payment of a debt. A giving in partial payment extinguishes the debt in the amount intended by the parties. If the parties’ intent concerning the amount of the partial extinguishment cannot be ascertained, it is presumed that they […]
Art. 2658. [Reserved]
Art. 2659. Application of general rules of sale The giving in payment is governed by the rules of the contract of sale, with the differences provided for in this Chapter. Acts 1993, No. 841, §1, eff. Jan. 1, 1995.
