Terms Used In Vermont Statutes Title 9 Sec. 2-102

  • Contract: A legal written agreement that becomes binding when signed.
  • present sale: means a sale which is accomplished by the making of the contract. See
  • Statute: A law passed by a legislature.

§ 2—102. Scope; certain security and other transactions excluded from this article

Unless the context otherwise requires, this article 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 article impair or repeal any statute regulating sales to consumers, farmers or other specified classes of buyers.