Section 7602 - Inapplicability of other laws; exempted transactions(a) Lease-purchase agreements which comply with this chapter are not governed by the laws relating to: (1) A "retail installment contract" or "contract" as defined in § 4301(9) of this title.(2) A "security interest" as defined in § 1-201(35) of this title.(b) This chapter does not apply to the following:(1) Lease-purchase agreements primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;(2) A lease of safe deposit box;(3) A lease or bailment of personal property along with the lease of real property;(4) A lease of an automobile; or(5) The lease of real property and/or the fixed improvements thereon.68 Del. Laws, c. 59, §1.;