Louisiana § 51:489 Liability for failure to repurchase

Louisiana Statutes

§ 51:489 — Liability for failure to repurchase

Louisiana·Title 51 Trade and Commerce

In the event that the agent fails or refuses to make payment to the dealer or his heir or heirs as required by this Part within sixty days after shipment of returned items, he shall be liable to the retailer or his heir or heirs for damages in the following amounts:

(1)One hundred percent of the net cost of the equipment, implements, machinery and attachments.

(2)Transportation charges which have been paid by the dealer.

(3)One hundred percent of the current net price of repair parts plus transportation cost.

(4)Interest at the same rate as fixed by law for legal interest, accruing from sixty days after shipment of return items.

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In the event that the agent fails or refuses to make payment to the dealer or his heir or heirs as required by this Part within sixty days after shipment of returned items, he shall be liable to the retailer or his heir or heirs for damages in the following amounts:
(1) One hundred percent of the net cost of the equipment, implements, machinery and attachments.
(2) Transportation charges which have been paid by the dealer.
(3) One hundred percent of the current net price of repair parts plus transportation cost.
(4) Interest at the same rate as fixed by law for legal interest, accruing from sixty days after shipment of return items.

Louisiana § 51:489 (Liability for failure to repurchase) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.