Livv
Ouvrages

Business Contracts

Auteur : Louis Vogel

Sommaire de l’ouvrage
  • Introduction

  • Part 1: Contract of sale

    • Title 1: Classification of the contract

      • Chapter 1: Components of the contract of sale

        • Section 2: Payment of a price in consideration

          • I: Setting of price

            • A: Determined or determinable price

              • 1°: Determination of price by the parties

              • 2°: Price determined by third party

              • 3°: Sanction

            • B: Genuine and serious price

            • C: Lawful price

19. Sanction

1 minute de lecture

Traditionally, the failure to determine the price was sanctioned by absolute invalidity, whenever an essential element of the sales agreement was missing . Since the reform of the law of obligations has confirmed the theory of invalidity, by defining absolute invalidity and relative invalidity and the effects attached to them, it now follows that an undetermined price, if it hinders the formatio …

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