CC 2464
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/la/2464A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CC 2464
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.