Price determination in sale contracts: if parties do not fix a price, the buyer must pay a reasonable price based on circumstances. The price in a contract of sale may be fixed by the contract, left to be fixed in a manner agreed by the parties, or determined by the course of dealing between them; if none of these applies, the buyer must pay a reasonable price, which is a question of fact dependent on the circumstances.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Price determination in sale contracts: if parties do not fix a price, the buyer must pay a reasonable price based on circumstances.
The price in a contract of sale may be fixed by the contract, left to be fixed in a manner agreed by the parties, or determined by the course of dealing between them; if none of these applies, the buyer must pay a reasonable price, which is a question of fact dependent on the circumstances.
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