Nevada Revised Statutes 104.2102 – 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.
Terms Used In Nevada Revised Statutes 104.2102
- Contract: A legal written agreement that becomes binding when signed.
- Hybrid transaction: means a single transaction involving a sale of goods and:
(a) The provision of services;
(b) A lease of other goods; or
(c) A sale, lease or license of property other than goods. See Nevada Revised Statutes 104.2106
- present sale: means a sale which is accomplished by the making of the contract. See Nevada Revised Statutes 104.2106
- Statute: A law passed by a legislature.
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 transactions 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 the 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 any statute regulating sales to consumers, farmers or other specified classes of buyers.