Section 440.2102 - Application of article; security and other transactions excluded.

UNIFORM COMMERCIAL CODE (EXCERPT)
Act 174 of 1962

440.2102 Application of article; security and other transactions excluded.

Sec. 2102.

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.


History: 1962, Act 174, Eff. Jan. 1, 1964