Michigan Laws 440.2102 – Application of article; security and other transactions excluded
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Michigan Laws 440.2102
- Contract: A legal written agreement that becomes binding when signed.
- present sale: means a sale which is accomplished by the making of the contract. See Michigan Laws 440.2106
- Statute: A law passed by a legislature.
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.