An obligation may be issued as subordinated to performance of another obligation of the person obligated, or a creditor may subordinate its right to performance of an obligation by agreement with either the person obligated or another creditor of the person obligated. Subordination does not create a security interest as against either the common debtor or a subordinated creditor. DIVISION 2 SALES Chapter 21. Short Title, General Construction and Subject Matter 22. Form, Formation and Readjustment of Contract 23. General Obligation and Construction of Contract 24. Title, Creditors and Good Faith Purchasers 25. Performance 26. Breach, Repudiation and Excuse 27. Remedies CHAPTER 21 SHORT TITLE, GENERAL CONSTRUCTION AND SUBJECT MATTER Sec. 2101. Short title of division. 2102. Scope; certain security and other transactions excluded from division. 2103. Definitions and index of definitions. 2104. Definitions: "merchant"; "between merchants"; "financing agency." 2105. Definitions: transferability; "goods"; "future" goods; "lot"; "commercial unit." 2106. Definitions: "contract"; "agreement"; "contract for sale"; "sale"; "present sale"; "conforming" to contract; "termination"; "cancellation"; "hybrid transaction." 2107. Goods to be severed from realty: recording.
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