New Jersey Statutes 12A:2-102. Scope; certain security and other transactions excluded from this chapter
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Terms Used In New Jersey Statutes 12A:2-102
- Contract: A legal written agreement that becomes binding when signed.
- 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.
L.1961, c. 120, s. 2-102.