Certain Security and Other Transactions Excluded From This Division. Unless the context otherwise requires, this division 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 division impair or repeal any statute regulating sales to consumers, farmers or other specified classes of buyers.
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COURT DECISIONS: Coverage of this Chapter is discussed and the ability of the parties to Aopt out of@ its terms in fashioning a contract is described. Northern Development Corp. dba Scanior Furniture, vs. Golden Int=l. Corp. dba Dynasty Furniture, Inc., D.C.Guam App.Div. Dist. Ct. No. CV93-00070A (1994).