Territorial applicability; parties' power to choose applicable law

A.R.S. § 47-1301 — under Territorial Applicability and General Rules.

A.R.S. § 47-1301

B. In the absence of an agreement effective under subsection A of this section, and except as provided in subsection C of this section, this title applies to transactions bearing an appropriate relation to this state.

C. To the extent that this title governs a transaction, if one of the following sections of this title specifies the applicable law, that section governs and a contrary agreement is effective only to the extent permitted by the law so specified:

1. Section 47-2402.

2. Sections 47-2A105 and 47-2A106.

3. Section 47-4102.

4. Section 47-4A507.

5. Section 47-5116.

6. Section 47-8110.

7. Sections 47-9301 through 47-9307.