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Theoretical and Practical Matters Regarding the Price Determination in Commercial Contracts

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  • Diana Gorun

Abstract

In any contract, the price must be determined or at least determinable. The parties may specify in the contract the essential elements by which the price could be determined in the future. The determination of the price cannot be left to the subsequent appreciation of the parties or of one of them and not even the court cannot determine the price.

Suggested Citation

  • Diana Gorun, 2017. "Theoretical and Practical Matters Regarding the Price Determination in Commercial Contracts," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(4), pages 732-739, April.
    • Handle: RePEc:hur:ijarbs:v:7:y:2017:i:4:p:732-739
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