SECTION 2-103. Definitions and Index of Definitions  


Latest version.
  • (1) In this Article unless the context otherwise requires

    (a) ''Buyer'' means a person who buys or contracts to buy goods.

    (b) ''[Reserved]''

    (c) ''Receipt'' of goods means taking physical possession of them.

    (d) ''Seller'' means a person who sells or contracts to sell goods.

    (2) Other definitions applying to this Article or to specified parts thereof, and the sections in which they appear are

    ''Acceptance''. Section 2-606.

    ''Banker's credit''. Section 2-325.

    ''Between merchants''. Section 2-104.

    ''Cancellation''. Section 2-106(4).

    ''Commercial unit''. Section 2-105.

    ''Confirmed credit''. Section 2-325.

    ''Conforming to contract''. Section 2-106.

    ''Contract for sale''. Section 2-106.

    ''Cover''. Section 2-712.

    ''Entrusting''. Section 2-403.

    ''Financing agency''. Section 2-104.

    ''Future goods''. Section 2-105.

    ''Goods''. Section 2-105.

    ''Identification''. Section 2-501.

    ''Installment contract''. Section 2-612.

    ''Letter of credit''. Section 2-325.

    ''Lot''. Section 2-105.

    ''Merchant''. Section 2-104.

    ''Overseas''. Section 2-323.

    ''Person in position of seller''. Section 2-707.

    ''Present sale''. Section 2-106.

    ''Sale''. Section 2-106.

    ''Sale on approval''. Section 2-326.

    ''Sale or return''. Section 2-326.

    ''Termination''. Section 2-106.

    (3) The following definitions in other Articles apply to this Article:

    ''Check''. Section 3-104.

    ''Consignee''. Section 7-102.

    ''Consignor''. Section 7-102.

    ''Consumer goods''. Section 9-102.

    ''Control''. Section 7-106.

    ''Dishonor''. Section 3-502.

    ''Draft''. Section 3-104.

    (4) In addition Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.