Colombian Commercial Code - Decree 410 of 1971 - Book IV - Of Contracts and Corporate Obligations - Part II - Sale and Swap - Chapter III - The Price - From: Section 920 By: Art 921
COLOMBIAN COMMERCIAL CODE CHAPTER III Price Article 920 .- There shall be no sale if the contracting parties agree on the price or the way determined. But if the buyer gets the thing, it is presumed that the parties agree to take the average price on the date and place of delivery. The bargain price will not be agreed. Article 921 .- When the parties to determine the price that has to be referred to the thing at fairs, public securities markets and similar establishments, or stipulated as the price of the current plaza will take the average price that the thing takes date and place of the contract.