Alabama Code 7-2-102 v2. Scope; certain security and other transactions excluded from this article
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Terms Used In Alabama Code 7-2-102 v2
- 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 Alabama Code 7-2-106 v2 - present sale: means a sale which is accomplished by the making of the contract. See Alabama Code 7-2-106
- Statute: A law passed by a legislature.