Sec. 1. (a) Except as provided in subsections (b) through (d), this chapter applies to an item delivered to a retail merchant after June 30, 2009.
(b) This chapter does not apply to an item that has a value less than fifty dollars ($50).
(c) This chapter does not apply to an item offered at auction, or held by an auctioneer before or after being offered at auction.
(d) If a provision of this chapter conflicts with the Uniform Commercial Code (IC 26-1), the Uniform Commercial Code controls with respect to that provision.