§7-2-102. Scope; certain security and other transactions excluded from this article.  


Latest version.
  • Unless the context otherwise requires, this article applies to transactions in goods; it does not apply to any transaction which although in the form of an unconditional contract to sell or present sale is intended to operate only as a security transaction nor does this article impair or repeal any statute regulating sales to consumers, farmers or other specified classes of buyers.

(Acts 1965, No. 549, p. 811.)