Virginia Code 8.2-102: (Effective until July 1, 2025) Scope; certain security and other transactions excluded from this title
Unless the context otherwise requires, this title 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 title impair or repeal any statute regulating sales to consumers, farmers or other specified classes of buyers.
Terms Used In Virginia Code 8.2-102
- 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 Virginia Code 8.2-106
- present sale: means a sale which is accomplished by the making of the contract. See Virginia Code 8.2-106
- Statute: A law passed by a legislature.
1964, c. 219.
(1) Unless the context otherwise requires, and except as provided in subsection (3), this title applies to transactions in goods and, in the case of a hybrid transaction, it applies to the extent provided in subsection (2).
(2) In a hybrid transaction:
(a) If the sale-of-goods aspects do not predominate, only the provisions of this title that relate primarily to the sale-of-goods aspects of the transaction 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 title applies to the transaction but does not preclude application in appropriate circumstances of other law to aspects of the transaction that do not relate to the sale of goods.
(3) This title 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 reveal a statute regulating sales to consumers, farmers, or other specified classes of buyers.
1964, c. 219; 2024, c. 652.