Option contracts

La. Civ. Code art. 1933

La. Civ. Code art. 1933

Art. 1933. Option contracts An option is a contract whereby the parties agree that the offeror is bound by his offer for a specified period of time and that the offeree may accept within that time. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.