CHAPTER 5. OF THE PRICE OF THE CONTRACT OF SALE
Art. 2464. Price, essential elements
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, §1, eff. Jan. 1, 1995.
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