La. Civ. Code art. 2466
This is the official text of La. Civ. Code art. 2466, 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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No price fixed by the parties
Official statutory text
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.
Acts 1993, No. 841, ยง1, eff. Jan. 1, 1995.
Nevertheless, if the parties intend not to be bound unless a price be agreed on, there is no contract without such an agreement.
Acts 1993, No. 841, ยง1, eff. Jan. 1, 1995.
Status: in_force · Read it on the official government site
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