Louis Werner Sawmill Co. v. O'Shee

Citations

• 111 La. 817
• 35 So. 919
• 1904 La. LEXIS 569

Syllabus

<p>VENDOR AND PURCHASER—CONTRACT OF SALE—VALIDITY.</p> <p>1. Where a determinate tract of land is agreed to he sold at a price to be regulated by the quantity of timber on the land at a fixed price per thousand feet, the quantity of the timber to be estimated by experts, what is left indeterminate by the contract is the amount of money to be paid for the land; in other words, the price.</p> <p>2. If the price is left to be determined by experts to be named thereafter by the parties, the contract is null, since either of the parties can nullify it by refusing to appoint the expert.</p> <p>(Syllabus by the Court.)</p>