Price payable in money, goods, realty, or otherwise - UCC 2-304
Applied in 1 court decision — leading case Shanesville Invs. LLC v. Eclipse Res. I, LP (2018)
Most recently applied in Shanesville Invs. LLC v. Eclipse Res. I, LP (December 2018)
Effective: July 1, 1962; Latest Legislation: Senate Bill 5 - 104th General Assembly
(A) 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.
(B) 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 sections 1302.01 to 1302.98, inclusive, of the Revised Code, but not the transfer of the interest in realty or the transferor's obligations in connection therewith.
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.