La. Civ. Code art. 2464
This is the official text of La. Civ. Code art. 2464, part of Louisiana’s Civil Code — louisiana's civil law tradition codifies persons, property, obligations, and family relations here rather than in a separate statutory code.
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Price, essential elements
Official statutory text
The price must be fixed by the parties in a sum either certain or determinable through a method agreed by them. There is no sale unless the parties intended that a price be paid.
The price must not be out of all proportion with the value of the thing sold. Thus, the sale of a plantation for a dollar is not a sale, though it may be a donation in disguise.
Acts 1993, No. 841, ยง1, eff. Jan. 1, 1995.
The price must not be out of all proportion with the value of the thing sold. Thus, the sale of a plantation for a dollar is not a sale, though it may be a donation in disguise.
Acts 1993, No. 841, ยง1, eff. Jan. 1, 1995.
Status: in_force · Read it on the official government site
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