Part I Statutory Interest on Qualifying Debts
I12 Contracts to which Act applies.
1
This Act applies to a contract for the supply of goods or services where the purchaser and the supplier are each acting in the course of a business, other than an excepted contract.
2
In this Act “contract for the supply of goods or services” means—
a
a contract of sale of goods; or
b
a contract (other than a contract of sale of goods) by which a person does any, or any combination, of the things mentioned in subsection (3) for a consideration that is (or includes) a money consideration.
3
Those things are—
a
transferring or agreeing to transfer to another the property in goods;
b
bailing or agreeing to bail goods to another by way of hire or, in Scotland, hiring or agreeing to hire goods to another; and
c
agreeing to carry out a service.
4
For the avoidance of doubt a contract of service or apprenticeship is not a contract for the supply of goods or services.
5
The following are excepted contracts—
a
a consumer credit agreement;
b
a contract intended to operate by way of mortgage, pledge, charge or other security; and
F1c
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F26
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7
In this section—
“business” includes a profession and the activities of any government department or local or public authority;
“consumer credit agreement” has the same meaning as in the M1Consumer Credit Act 1974;
“contract of sale of goods” and “goods” have the same meaning as in the M2Sale of Goods Act 1979;
F3“government department” includes any part of the Scottish Administration;
“property in goods” means the general property in them and not merely a special property.