70A-2-103 - Definitions and index of definitions.
70A-2-103. Definitions and index of definitions.
(1) In this chapter unless the context otherwise requires:
(a) "Buyer" means a person who buys or contracts to buy goods.
(b) "Good faith" in the case of a merchant means honesty in fact and the observance ofreasonable commercial standards of fair dealing in the trade.
(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 chapter or to specified parts thereof, and thesections in which they appear are:
(a) "Acceptance." Section 70A-2-606.
(b) "Banker's credit." Section 70A-2-325.
(c) "Between merchants." Section 70A-2-104.
(d) "Cancellation." Subsection 70A-2-106(4).
(e) "Commercial unit." Section 70A-2-105.
(f) "Confirmed credit." Section 70A-2-325.
(g) "Conforming to contract." Section 70A-2-106.
(h) "Contract for sale." Section 70A-2-106.
(i) "Cover." Section 70A-2-712.
(j) "Entrusting." Section 70A-2-403.
(k) "Financing agency." Section 70A-2-104.
(l) "Future goods." Section 70A-2-105.
(m) "Goods." Section 70A-2-105.
(n) "Identification." Section 70A-2-501.
(o) "Installment contract." Section 70A-2-612.
(p) "Letter of Credit." Section 70A-2-325.
(q) "Lot." Section 70A-2-105.
(r) "Merchant." Section 70A-2-104.
(s) "Overseas." Section 70A-2-323.
(t) "Person in position of seller." Section 70A-2-707.
(u) "Present sale." Section 70A-2-106.
(v) "Sale." Section 70A-2-106.
(w) "Sale on approval." Section 70A-2-326.
(x) "Sale or return." Section 70A-2-326.
(y) "Termination." Section 70A-2-106.
(3) "Control" as provided in Section 70A-7a-106, and the following definitions in otherchapters apply to this chapter:
(a) "Check." Section 70A-3-104.
(b) "Consignee." Section 70A-7a-102.
(c) "Consignor." Section 70A-7a-102.
(d) "Consumer goods." Section 70A-9a-102.
(e) "Dishonor." Section 70A-3-502.
(f) "Draft." Section 70A-3-104.
(4) In addition, Chapter 1a, Uniform Commercial Code - General Provisions, containsgeneral definitions and principles of construction and interpretation applicable throughout thischapter.
Amended by Chapter 272, 2007 General Session