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Current as of January 01, 2023 | Updated by Findlaw Staff
When the thing sold is a movable of the kind that the seller habitually sells and the parties said nothing about the price, or left it to be agreed later and they fail to agree, the price is a reasonable price at the time and place of delivery. If there is an exchange or market for such things, the quotations or price lists of the place of delivery or, in their absence, those of the nearest market, are a basis for the determination of a reasonable price.
Nevertheless, if the parties intend not to be bound unless a price be agreed on, there is no contract without such an agreement.
Cite this article: FindLaw.com - Louisiana Civil Code Tit. VII, Art. 2466. No price fixed by the parties - last updated January 01, 2023 | https://codes.findlaw.com/la/civil-code/la-civ-code-tit-vii-art-2466/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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