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What is Validity of Price in Sales Contracts about?

This document discusses the requirements for a valid price in a contract of sale under Philippine law. It states that while price is typically considered the ideal consideration, other valuable consideration can also support a valid sale. A price must be real, certain or ascertainable, and in money or its equivalent to be valid. However, the parties can agree to have a third party determine the price, which makes the price ascertainable. In contrast, the parties themselves must agree on the subject matter,

Author

Anonymous fnlSh4KHIg

Language

EN