Contract Validity Due to Indeterminate Price in Future Sale

In a dispute concerning the validity of a contract, the lower court upheld the agreement, finding that the essential elements of consent and object were present, despite an objection regarding the determination of price in a future sales contract. The highest court quashed this decision, reasoning that where the price of a future sale is left to be determined solely by one of the contracting parties without any mechanism for objective review or reference to market standards, the contract lacks a necessary element for its formation, rendering the obligation uncertain and the agreement invalid due to an indeterminate object.