Civil Transactions Law

1. If the principal sets for his agent a particular sale price for an item, the agent may not sell said item at a lower price. If, however, the principal does not set a price, the agent may not sell the item at a price lower than the market price. 2. If the agent sells the item at a price lower than the set price without the principal’s authorization, the sale shall not be enforceable against the principal and the principal may not invoke the invalidity of the sale against a bona fide buyer. If the principal ratifies the sale, it shall be enforceable against him and he may demand compensation from the agent.