Usufruct
Article 1893

Compensation extinguishes obligations ACTIVE

Compensation takes place by operation of law when two persons owe to each other sums of money or quantities of fungible things identical in kind, and these sums or quantities are liquidated and presently due.

In such a case, compensation extinguishes both obligations to the extent of the lesser amount.

Delays of grace do not prevent compensation.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1984, No. 331, §1, eff. Jan. 1, 1985

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Cite Article 1893

Bluebook
La. Civ. Code art. 1893 (2026).
Permalink
https://theusufruct.com/cc/1893
BibTeX
@misc{lacivcode-art-1893,
  title        = {La. Civ. Code art. 1893},
  howpublished = {Louisiana Civil Code},
  year         = {2026},
  url          = {https://theusufruct.com/cc/1893},
  note         = {Snapshot 2026-05-22}
}