The parties may expressly agree that the contract shall be dissolved for the failure to perform a particular obligation. In that case, the contract is deemed dissolved at the time it provides for or, in the absence of such a provision, at the time the obligee gives notice to the obligor that he avails himself of the dissolution clause.
Article 2017 active cc book
Express dissolution clause ACTIVE
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History
- enactment Acts 1984, No. 331, §1, eff. Jan. 1, 1985