Price payable in money, goods, realty, or otherwise
Applied in 1 court decision — leading case 219 F. Supp. 2d 600 - Lithuanian Commerce Corp. v. Sara Lee Hosiery (2002)
Most recently applied in 219 F. Supp. 2d 600 - Lithuanian Commerce Corp. v. Sara Lee Hosiery (July 2002)
L.1961, c. 120, s. 2-304.
(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 this Chapter, but not the transfer of the interest in realty or the transferor's obligations in connection therewith.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.