Indiana § 26-1-2-304 Price payable in money, goods, realty, or otherwise

Indiana Statutes

§ 26-1-2-304 — Price payable in money, goods, realty, or otherwise

Indiana·Title 26 COMMERCIAL LAW·Art. 1 UNIFORM COMMERCIAL CODE·Ch. 2 Sales

(1)The price can be made payable in money or otherwise. If it is payable in whole or in part in goods, each party is a seller of the goods which he is to transfer.

(2)Even though all or part of the price is payable in an interest in realty, the transfer of the goods and the seller's obligations with reference to them are subject to IC 26-1-2, but not the transfer of the interest in realty or the transferor's obligations in connection therewith. Formerly: Acts 1963, c.317, s.2-304. As amended by P.L.152-1986, SEC.131.

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(1) The price can be made payable in
money or otherwise. If it is payable in whole or in part in goods, each
party is a seller of the goods which he is to transfer.
(2) Even though all or part of the price is payable in an interest in
realty, the transfer of the goods and the seller's obligations with
reference to them are subject to IC 26-1-2, but not the transfer of the
interest in realty or the transferor's obligations in connection therewith.
Formerly: Acts 1963, c.317, s.2-304. As amended by
P.L.152-1986, SEC.131.

Indiana § 26-1-2-304 (Price payable in money, goods, realty, or otherwise) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.