Part II Formation of the Contract
The price
8 Ascertainment of price.
1
The price in a contract of sale may be fixed by the contract, or may be left to be fixed in a manner agreed by the contract, or may be determined by the course of dealing between the parties.
2
Where the price is not determined as mentioned in sub-section (1) above the buyer must pay a reasonable price.
3
What is a reasonable price is a question of fact dependent on the circumstances of each particular case.