Goods are sold without the PRICE being fixed. Under Section 9 of the Sale of Goods Act, 1930, the buyer shall, in such a case, pay:

Section 9(1) of the Sale of Goods Act provides that where the price is not determined in the contract, the buyer must pay a REASONABLE price, and what is a reasonable price is a question of fact dependent on the circumstances of each case. This supplies a price where the parties have left it open, keeping the contract alive rather than void. Where the price is to be fixed by a third party, and the third party does not or cannot fix it, the contract may become void under Section 10. The reasonable-price rule is the default for open-price sales.