(1) In this division 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 of reasonable commercial standards of fair deal- ing 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 division or to specified chapters thereof, and the sections in which they appear are: Acceptance. Section 2606. Banker's credit. Section 2325. Between merchants. Section § 2104. Cancellation. Section § 2106(4). Commercial unit. Section § 2105. Confirmed credit. Section 2325. Conforming to contract. Section § 2106. Contract for sale. Section § 2106. Cover. Section 2712. Entrusting. Section 2403. Financing agency. Section § 2104. Future goods. Section § 2105. Goods. Section § 2105. Identification. Section 2501. Installment contract. Section 2612. Letter of Credit. Section 2325. Lot. Section § 2105.
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Merchant. Section § 2104. Overseas. Section 2323. Person in position of seller. Section 2707. Present sale. Section § 2106. Sale. Section § 2106. Sale on approval. Section 2326. Sale or return. Section 2326. Termination. Section § 2106. (3) The following definitions in other divisions apply to this division: Check. Section 3104. Consignee. Section 7102. Consignor. Section 7102. Consumer goods. Section 9109. Dishonor. Section 3507. Draft. Section 3104. (4) In addition Division 1 contains general definitions and principles of construction and interpretation applicable throughout this division.