Sale of a Thing or Letting and Hiring of Industry
Louisiana State University, Baton Rouge
December 17, 2009
Louisiana Law Review, Vol. 39, 1979
Purchase and sale and leasing and hiring are considered to be so nearly related to one another that in certain cases the question arises whether the contract is one of purchase and sale, or one of leasing and hiring.
Letting and hiring is very close to sale and is governed by the same legal rules. For, just as sale is concluded if there be agreement on the price, so letting and hiring is deemed to be contracted if the fee (merces) be settled. And the letter has the action on letting while the hirer has the action on hiring.
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Date posted: December 21, 2009 ; Last revised: April 10, 2010