La. Civ. Code art. 2464
Current with operative changes from the 2024 Third Special Legislative Session
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.
La. C.C. § 2464