La. C.C. § 2621 - Acceptance, when effective; option turns into contract to sell; rejection

Cite as:La. C.C. § 2621
Currency:Current with changes from the 2018 Legislative Session, Acts 1-18, 20-21, 40-48, 50-58, 60-68, 70-78, 80-253, 317, 342-392 and 397-423
 
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The acceptance or rejection of an offer contained in an option is effective when received by the grantor. Upon such an acceptanc...

Rejection of the offer contained in an option terminates the option but a counteroffer does not.

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