Rhode Island General Laws 6A-2-107. Goods to be severed from realty — Recording
(1) A contract for the sale of minerals (including oil and gas) or the like or a structure or its materials to be removed from realty is a contract for the sale of goods within this chapter if they are to be severed by the seller, but until severance a purported present sale thereof which is not effective as a transfer of an interest in land is effective only as a contract to sell.
Terms Used In Rhode Island General Laws 6A-2-107
- Buyer: means a person who buys or contracts to buy goods. See Rhode Island General Laws 6A-2-103
- Contract: A legal written agreement that becomes binding when signed.
- Contract for sale: includes both a present sale of goods and a contract to sell goods at a future time. See Rhode Island General Laws 6A-2-106
- present sale: means a sale which is accomplished by the making of the contract. See Rhode Island General Laws 6A-2-106
- Seller: means a person who sells or contracts to sell goods. See Rhode Island General Laws 6A-2-103
(2) A contract for the sale apart from the land of growing crops or other things attached to realty and capable of severance without material harm thereto but not described in subsection (1) or of timber to be cut is a contract for sale of goods within this chapter whether the subject matter is to be severed by the buyer or by the seller even though it forms part of the realty at the time of contracting, and the parties can by identification effect a present sale before severance.
History of Section.
P.L. 1960, ch. 147, § 1; P.L. 1979, ch. 172, § 2; P.L. 1985, ch. 150, § 7.