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

La. Civ. Code art. 2621
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2621. Acceptance, when effective; option turns into contract to sell; rejection 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. Amended by Acts 1960, No. 30, §1, eff. Jan. 1, 1961; Acts 1993, No. 841, §1, eff. Jan. 1, 1995.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=109681Fetched: 10/20/2026

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