Business Contracts
Auteur : Louis Vogel
Sommaire de l’ouvrage
Introduction
Section 1: Transfer of a thing
1°: Determination of price by the parties
3°: Sanction
B: Genuine and serious price
C: Lawful price
II: Limits to setting of price
III: Forms of payment
Chapter 2: Related contracts
Title 2: Formation of the contract of sale
Title 3: Performance of the contract of sale
Title 4: Revisiting the contract of sale
Title 5: International sale of goods
Part 2: Contract for services
Part 3: Construction contract
Part 4: Subcontracting
Part 5: Agency agreements
18. Price determined by third party
1 minute de lecture
Article 1592 of the Civil Code, as amended by the Modernization of Justice for the 21st Century Law , stipulates that the price may be left to the “estimation” of a third party. As one might have inferred from the terms of former Article 1592, which referred to the “arbitration of a third party”, the third party in question is neither a true arbitrator , nor an expert in the technical sense, but a …
