Okla. Stat. tit. 12A § 2-304

Current through Laws 2024, c. 453.

Section 2-304 - Price Payable in Money, Goods, Realty, or Otherwise

(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.

Okla. Stat. tit. 12A, § 2-304

Laws 1961, p. 79, § 2-304.

Oklahoma Code Comment

(1) Several previous Oklahoma decisions have held that sales law applies to mutual exchange of personal property. Berry-Tidwell, Inc., v. Tanner, 154 Okl. 93,6 P.2d 793 (1932);McAtee v. Garred, 185 Okl. 314,91 P.2d 1095 (1940). The word "otherwise" is intended to include any consideration bargained for, including services. New York has held that food given in return for service was not a "sale", and therefore warranties did not apply. This section was clearly intended to change these results.

(2) There are no previous Oklahoma decisions.