Legislation

* Section 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.

* NB Effective until June 3, 2026
* Section 2--102. Scope; Certain Security and Other Transactions

Excluded From This Article.

(1) Unless the context otherwise requires, and except as provided in
subsection (3), this Article applies to transactions in goods and, in
the case of a hybrid transaction, it applies to the extent provided in
subsection (2).

(2) In a hybrid transaction:

(a) If the sale-of-goods aspects do not predominate, only the
provisions of this Article which relate primarily to the sale-of-goods
aspects of the transaction apply, and the provisions that relate
primarily to the transaction as a whole do not apply.

(b) If the sale-of-goods aspects predominate, this Article applies to
the transaction but does not preclude application in appropriate
circumstances of other law to aspects of the transaction which do not
relate to the sale of goods.

(3) This Article does not:

(a) apply to a transaction that, even though in the form of an
unconditional contract to sell or present sale, operates only to create
a security interest; or

(b) impair or repeal a statute regulating sales to consumers, farmers,
or other specified classes of buyers.

* NB Effective June 3, 2026