1320
Article 1320
Du Contrat de Rente viagère
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.