Sec. 45.02.103. - Definitions and index of definitions.
(a) In this chapter, unless the context otherwise requires,
(1) "buyer" means a person who buys or contracts to buy goods;
(2) [Repealed, Sec. 113 ch 44 SLA 2009, effective January 1, 2010].
(3) "receipt" of goods means taking physical possession of them;
(4) "seller" means a person who sells or contracts to sell goods.
(b) Other definitions applying to this chapter and the sections in which they appear are
(1) "acceptance" (AS 45.02.606 );
(2) "banker's credit" (AS 45.02.325 );
(3) "between merchants" (AS 45.02.104 );
(4) "cancellation" (AS 45.02.106 (d));
(5) "commercial unit" (AS 45.02.105 );
(6) "confirmed credit" (AS 45.02.325 );
(7) "conforming to contract" (AS 45.02.106 );
(8) "contract for sale" (AS 45.02.106 );
(9) "cover" (AS 45.02.712 );
(10) "entrusting" (AS 45.02.403 );
(11) "financing agency" (AS 45.02.104 );
(12) "future goods" (AS 45.02.105 );
(13) "goods" (AS 45.02.105 );
(14) "identification" (AS 45.02.501 );
(15) "installment contract" (AS 45.02.612 );
(16) "letter of credit" (AS 45.02.325 );
(17) "lot" (AS 45.02.105 );
(18) "merchant" (AS 45.02.104 );
(19) "overseas" (AS 45.02.323 );
(20) "person in position of seller" (AS 45.02.707 );
(21) "present sale" (AS 45.02.106 );
(22) "sale" (AS 45.02.106 );
(23) "sale or return" (AS 45.02.326 );
(24) "termination" (AS 45.02.106 ).
(c) The following definitions in other chapters apply to this chapter:
(1) "check" (AS 45.03.104 );
(2) "consignee" (AS 45.07.112 );
(3) "consignor" (AS 45.07.112 );
(4) "consumer goods" (AS 45.29.102 );
(5) "control" (AS 45.07.116 );
(6) "dishonor" (AS 45.03.502 );
(7) "draft" (AS 45.03.104 ).
(d) In addition, AS 45.01 contains general definitions and principles of construction and interpretation applicable throughout this chapter.