Sale of Goods Act, 1930 · Chapter II: Formation of the Contract · The price
Section 9: 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 manner thereby agreed or may be determined by the course of dealing between the parties.
(2) Where the price is not determined in accordance with the foregoing provisions, the buyer shall pay the seller a reasonable price. What is a reasonable price is a question of fact dependent on the circumstances of each particular case.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 9
- C.I.T. Bombay v. Tasgaon Taluka S.S.K. Ltd.
- State of Rajasthan and Anr. v. Rajasthan Chemist Association
- Smt. Claude-Lila Parulekar v. M/S. Sakal Papers Pvt. Ltd. and Ors.
- M.S. Madhusoodhanan and Anr. v. Kerala Kaumudi Pvt. Ltd. and Ors.
- Bihar State Electricity Board and Anr. v. Usha Martin Industries and Anr.
- Carl Still G. M. B. H. & Another v. The State of Bihar and Others