Usufruct
Article 2621

Acceptance, when effective; option turns into contract to sell; rejection ACTIVE

The acceptance or rejection of an offer contained in an option is effective when received by the grantor. Upon such an acceptance the parties are bound by a contract to sell.

Rejection of the offer contained in an option terminates the option but a counteroffer does not.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1960, No. 30, §1, eff. Jan. 1, 1961
  • amendment Acts 1993, No. 841, §1, eff. Jan. 1, 1995

Article navigation

Cite Article 2621

Bluebook
La. Civ. Code art. 2621 (2026).
Permalink
https://theusufruct.com/cc/2621
BibTeX
@misc{lacivcode-art-2621,
  title        = {La. Civ. Code art. 2621},
  howpublished = {Louisiana Civil Code},
  year         = {2026},
  url          = {https://theusufruct.com/cc/2621},
  note         = {Snapshot 2026-05-22}
}