Utah Code 70A-2-102. Scope — Certain security and other transactions excluded from this chapter
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Terms Used In Utah Code 70A-2-102
- 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 Utah Code 70A-2-106
- Statute: A law passed by a legislature.
Unless the context otherwise requires, this chapter 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 chapter impair or repeal any statute regulating sales to consumers, farmers or other specified classes of buyers.