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Article 1268

Du Prêt à intérêt

Contract Law

Titre XXIV: Du Prêt (On Loan)

Chapitre III: Du Prêt à intérêt (On Interest-Bearing Loans)

Ces sortes de rentes se constituent ou en perpétuelles ou en viagères.

Life lesson: Annuities are either perpetual or for life — two flavors of the same instrument.

Notes: Two types of constituted annuity: perpétuelle (indefinite) or viagère (life-based). Classification determines redemption rules.