CHAPTER 7. THIRD PARTY BENEFICIARY Art. 1978. Stipulation for a third party A contracting party may stipulate a benefit for a third person called a third party beneficiary. Once the third party has manifested his intention to avail himself of the benefit, the parties may not dissolve the contract by mutual consent without the beneficiary’s […]
Art. 1979. Revocation The stipulation may be revoked only by the stipulator and only before the third party has manifested his intention of availing himself of the benefit. If the promisor has an interest in performing, however, the stipulation may not be revoked without his consent. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Art. 1980. Revocation or refusal In case of revocation or refusal of the stipulation, the promisor shall render performance to the stipulator. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Art. 1981. Rights of beneficiary and stipulator The stipulation gives the third party beneficiary the right to demand performance from the promisor. Also the stipulator, for the benefit of the third party, may demand performance from the promisor. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Art. 1982. Defenses of the promisor The promisor may raise against the beneficiary such defenses based on the contract as he may have raised against the stipulator. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
