When an estate charged with an annuity is totally destroyed or rendered useless by force majeure or by a fortuitous event, the annuity shall be extinguished, the payment of the pension discontinuing.
If it is destroyed in part only, the person paying the annuity shall not be exempt from the payment of the pension, unless he prefers to abandon the estate to the annuitant.
When there is fault on the part of the person paying the annuity, he shall be bound, in either case, to indemnify for losses and damages.
History —Civil Code, 1930, § 1517.