Oklahoma § 12A-2-102 Scope; Certain Security and Other Transactions Excluded

Oklahoma Statutes

§ 12A-2-102 — Scope; Certain Security and Other Transactions Excluded

Oklahoma·Title 12A Uniform Commercial Code

from this Article. Scope; Certain Security and Other Transactions Excluded from this Article.

(a)Unless the context otherwise requires, and except as provided in subsection (c) of this section, this article applies to transactions in goods and, in the case of a hybrid transaction, it applies to the extent provided in subsection (b) of this section.

(b)In a hybrid transaction:

(1)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 transaction apply, and the provisions that relate primarily to the transaction as a whole do not apply.

(2)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

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from this Article. Scope; Certain Security and Other Transactions Excluded from this Article. (a) Unless the context otherwise requires, and except as provided in subsection (c) of this section, this article applies to transactions in goods and, in the case of a hybrid transaction, it applies to the extent provided in subsection (b) of this section. (b) In a hybrid transaction: (1) 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 transaction apply, and the provisions that relate primarily to the transaction as a whole do not apply. (2) 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 aspects of the transaction which do not relate to the sale of goods. (c) This article does not: (1) 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 (2) Impair or repeal a statute regulating sales to consumers, farmers, or other specified classes of buyers.

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