A person who has received a payment or a thing not owed to him is bound to restore it to the person from whom he received it. La. C.C. § 2299 Acts 1995, No. 1041, §1, eff. Jan. 1, 1996. Acts 1995, No. 1041, §1, eff. 1/1/1996.
Action for annulment of an absolutely null contract does not prescribe. Action of annulment of a relatively null contract must be brought within five years from the time the ground for nullity either ceased, as in the case of incapacity or duress, or was discovered, as in the case of error or fraud. Nullity may be raised at any time as a defense against an action on the contract, even after the action for annulment has prescribed. La. C.C. § 2032 Acts 1984, No. 331, §1, eff. Jan. 1, 1985. Acts 1984