Usufruct
Article 2657

Giving in partial payment ACTIVE

An obligor may give a thing to the obligee in partial payment of a debt.

A giving in partial payment extinguishes the debt in the amount intended by the parties. If the parties' intent concerning the amount of the partial extinguishment cannot be ascertained, it is presumed that they intended to extinguish the debt in the amount of the fair market value of the thing given in partial payment.

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References

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Cited by

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History

  • enactment Acts 1993, No. 841, §1, eff. Jan. 1, 1995

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Cite Article 2657

Bluebook
La. Civ. Code art. 2657 (2026).
Permalink
https://theusufruct.com/cc/2657
BibTeX
@misc{lacivcode-art-2657,
  title        = {La. Civ. Code art. 2657},
  howpublished = {Louisiana Civil Code},
  year         = {2026},
  url          = {https://theusufruct.com/cc/2657},
  note         = {Snapshot 2026-05-22}
}