Text of the provision
Art. 1473. The fixing of the price can never be left to the discretion of one of the contracting parties. However, if the price fixed by one of the parties is accepted by the other, the sale is perfected.
(1449a)
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
The fixing of the price can never be left to the discretion of one party. But if the price one party fixes is accepted by the other, the sale is perfected.
Related provisions
- Article 1472 — Price by Reference to an Exchange or Market.
- Article 1474 — Indeterminable Price; Reasonable Price.
Cases citing this article
- Nicasio Macutay vs. Sosima Samoy, et al, G.R. No. 205559, December 2, 2020 — read the decision on LawPhil →
- Consolidated Rural Bank (Cagayan Valley), Inc., vs. The Honorable Court of Appeals, et al, G.R. No. 132161, January 17, 2005 — read the decision on LawPhil →
Compiled automatically from Supreme Court decisions published on LawPhil that expressly cite this article, most frequently cited first. A listing means the decision cites the provision — it is not a statement that the case is the leading authority, and it does not show whether a ruling has since been modified or abandoned. Always read the decision itself.