Title Third: Life Annuity

Article 1024

Art. 1024 - The law grants no action for a gaming debt or for the payment of a wager.

Article 1025

Art. 1025 - Games that serve to exercise proficiency in arms, races of all kinds, and sports games, are exempt from the previous provision for bets between persons participating in these games. However, the judge may reject the claim when the amount appears excessive to him. In the cases provided for in the first paragraph of this article, authorized intermediaries who are legally permitted to collect the stakes of persons not participating in the game cannot invoke the previous article.

Article 1026

Art. 1026 - The loser may not recover what he has voluntarily paid as a result of a game or bet that is free from any fraud.

Article 1027

Art. 1027 - Lotteries shall only give rise to a court action when they have been legally authorized.

Article 1028

Art. 1028 - The contract of life annuity is one by which a person (debtor of annuity) undertakes to pay to another (creditor of annuity), during his life, or that of one or more other persons, an annual pension or annuity, in exchange for value in movable or immovable property, the ownership of which is transferred from the moment the charge of the annuity is born. With respect to immovable property, the constitution of annuity produces no effect, even between the parties, unless it has been registered in the land register.

Article 1029

Art. 1029 - An annuity may be constituted on the life of the person providing the capital, on the life of a third party, or on the lives of several other persons. An annuity may also be constituted for the benefit of the person or persons on whose life the contract is based, or for the benefit of one or several other persons.

Article 1030

Art. 1030 - Null is the annuity constituted on the life of a person deceased on the date of the act, or who, at that time, is affected by an illness that causes his death within twenty days following that date.

Article 1031

Art. 1031 - The default in payment of due instalments does not entitle the creditor to demand repayment of the capital or the return of the alienated property. In this case, he only has the right to obtain payment of the due instalments and security for the forthcoming instalments.

Article 1032

Art. 1032 - The arrears of the year of the creditor's death shall be paid in proportion to the number of days of his life; if payment was to be made by advance instalments, the instalment that began to run during the creditor's lifetime shall be entirely due.

Article 1033

Art. 1033 - The person who establishes a life annuity gratuitously on their assets may stipulate, at the time of the concession, that it cannot be seized for the debts of the creditor.

Article 1034

Art. 1034 - The annuity cannot be claimed without proof of the existence of the person on whose life it was constituted.