Ohio § 1302.18
Full text of Ohio Ohio Revised Code § 1302.18, with citation guidance and answers to common questions.
§ 1302.18.
(A) The parties if they so intend can conclude a contract for sale even though the price
is not settled. In such a case the price is a reasonable price at the time for delivery if: (1) nothing is said as to price; or (2) the price is left to be agreed by the parties and they fail to agree; or (3) the price is to be fixed in terms of some agreed market or other standard as set
or recorded by a third person or agency and if it is not so set or recorded. (B) A price to be fixed by the seller or by the buyer means a price for him to fix in
good faith. (C) When a price left to be fixed otherwise than by agreement of the parties fails to
be fixed through fault of one party the other may at his option treat the contract
as cancelled or himself fix a reasonable price. (D) Where, however, the parties intend not to be bound unless the price be fixed or agreed
and it is not fixed or agreed there is no contract. In such a case the buyer must return any goods already received or if unable to
do so must pay their reasonable value at the time of delivery and the seller must
return any portion of the price paid on account.
Frequently Asked Questions About Ohio § 1302.18
What does Ohio Revised Code § 1302.18 cover?
Section 1302.18 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1302.18?
A common citation format is "Ohio Revised Code § 1302.18" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1302.18 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.