Alaska Statutes (Last Updated: January 11, 2017) |
Title 45. TRADE AND COMMERCE. |
Chapter 45.02. SALES. |
Article 45.02.03. GENERAL OBLIGATION AND CONSTRUCTION OF CONTRACT. |
Section 45.02.304. Price payable in money, goods, realty, or otherwise.
Latest version.
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(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 that the party 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 this chapter but not the transfer of the interest in realty or the transferor's obligations in connection with the transfer of the real interest.
Notes
History
(Sec. 2.304 ch 114 SLA 1962)