{
  "urn": "urn:us-la:civcode:art:2620",
  "article_number": "2620",
  "heading": "Option to buy or sell",
  "text": "An option to buy, or an option to sell, is a contract whereby a party gives to another the right to accept an offer to sell, or to buy, a thing within a stipulated time.\n\nAn option must set forth the thing and the price, and meet the formal requirements of the sale it contemplates.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "book",
      "number": "III",
      "name": "Of the Different Modes of Acquiring the Ownership of Things"
    },
    {
      "level": "title",
      "number": "VII",
      "name": "Sale"
    },
    {
      "level": "chapter",
      "number": "14",
      "name": "Agreements Preparatory to the Sale"
    },
    {
      "level": "section",
      "number": "1",
      "name": "Option"
    }
  ],
  "breadcrumb": "Book III › Title VII › Chapter 14 › Section 1",
  "acts_citations": [
    {
      "act_year": 1993,
      "act_number": 841,
      "section": 1,
      "effective_date": "1995-01-01",
      "effective_date_raw": "Jan. 1, 1995",
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 1993, No. 841, §1, eff. Jan. 1, 1995.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=109680",
  "website_law_id": 109680,
  "scrape_timestamp": "2026-05-20T14:13:59Z",
  "source_html_hash": "sha256:4ac2a0bc1c7cb062dfd7e093bae643afbeb0fe170ec61e3d68da5a2d4085806b",
  "schema_version": "1.0.0"
}