Michigan § 440.2304 - Price; payment in money, goods, realty, or otherwise.
Full text of Michigan Michigan Compiled Laws § 440.2304 — Price; payment in money, goods, realty, or otherwise., with citation guidance and answers to common questions.
§ 440.2304. Price; payment in money, goods, realty, or otherwise.
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.
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.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 440.2304
What does Michigan Compiled Laws § 440.2304 cover?
Section 440.2304 ("Price; payment in money, goods, realty, or otherwise.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 440.2304?
A common citation format is "Michigan Compiled Laws § 440.2304" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.2304 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.