(1) Unless the context otherwise requires, and except as provided in subsection (3) of this section, this chapter applies to transactions in goods and, in the case of a hybrid transaction as defined in ORS 72.1060, it applies to the extent provided in subsection (2) of this section.
(2) In a hybrid transaction:
(a) If the sale-of-goods aspects do not predominate, only the provisions of this chapter that relate primarily to the sale-of-goods aspects of the transaction apply and the provisions that relate primarily to the transaction as a whole do not apply.
(b) If the sale-of-goods aspects predominate, this chapter applies to the transaction but does not preclude application, in appropriate circumstances, of other law to aspects of the transaction that do not relate to the sale of goods.
(3) This chapter does not:
(a) Apply to a transaction that, even though in the form of an unconditional contract to sell or present sale, operates only to create a security interest; or
(b) Impair or repeal a statute regulating sales to consumers, farmers or other specified classes of buyers.