1512. Where the parties have agreed to delay the determination of the term or to leave it to one of them to make such determination and where, after a reasonable time, no term has been determined, the court may, upon the application of one of the parties, fix the term according to the nature of the obligation, the situation of the parties and any appropriate circumstances.
The court may also fix the term where a term is required by the nature of the obligation and there is no agreement as to how it may be determined.
1991, c. 64, a. 1512; 2016, c. 4, s. 186.