O.C.G.A.

O.C.G.A. § 11-2-304 (2019)

Price payable in money, goods, realty, or otherwise

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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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 this article, but not the transfer of the interest in realty or the transferor’s obligations in connection therewith.

History

Code 1933, § 109A-2-304, enacted by Ga. L. 1962, p. 156, § 1.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. 67 Am. Jur. 2d, Sales, §§ 208-212. C.J.S. 33 C.J.S., Exchange of Property, § 1 et seq. 77A C.J.S., Sales, §§ 94 et seq., 208 et seq. U.L.A. Uniform Commercial Code (U.L.A.) § 2304. ALR. Right of purchaser to opportunity to pay

in cash where tender has been made in other medium, 23 A.L.R. 630; 46 A.L.R. 914. Validity and effect of provision of sale contract making price dependent on tariff duties or changes in tariff, 70 A.L.R. 1444. Contracts for payment in gold or silver, or in gold or silver coin (“gold coin” clauses), 84 A.L.R. 1499; 86 A.L.R. 1172; 88 A.L.R. 1532; 92 A.L.R. 1525; 95 A.L.R. 1383; 101 A.L.R. 1318; 114 A.L.R. 820.