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1320

Article 1320

Du Contrat de Rente viagère

Contract Law
Titre XXVI: Des Contrats aléatoires (On Aleatory Contracts)
Chapitre II: Du Contrat de Rente viagère (On the Life Annuity Contract)

Les parties contractantes ont la liberté de fixer le taux de l'intérêt pour les rentes viagères.

Life lesson: Life annuity rates are freely negotiable — the 6% cap on ordinary loans doesn't apply here.
Notes: No usury cap for life annuities: free rate negotiation. Exception to Art. 1264's 6% maximum. Justified by aleatory nature — higher risk warrants higher return.
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