Scope; Certain Security and Other Transactions Excluded From This Article.

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Section 7-2-102

Scope; certain security and other transactions excluded from this article.

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.)


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