Texas Business & Commerce Code

§ 273.001 — CONTRACTS SUBJECT TO CHAPTER

BC § 273.001Title 9. APPLICABILITY OF LAW TO COMMERCIAL TRANSACTIONS · Ch. 273. LAW OR FORUM APPLICABLE TO CERTAIN CONTRACTS FOR DISPOSITION OF GOODS

Statute text

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This chapter applies to a contract only if:

(1)the contract is for the sale, lease, exchange, or other disposition for value of goods for the price, rental, or other consideration of $50,000 or less;

(2)any element of the contract's execution occurred in this state;

(3)a party to the contract is:

(A)an individual resident of this state; or

(B)an association or corporation that is created under the laws of this state or has its principal place of business in this state; and

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Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.