Definitions And Index Of Definitions

(1) In this chapter, unless the context otherwise requires, the following definitions apply: (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 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 the sections in which they appear are: "Acceptance". 30-2-606. "Banker's credit". 30-2-325. "Between merchants". 30-2-104. "Cancellation". 30-2-106(4). "Commercial unit". 30-2-105. "Confirmed credit". 30-2-325. "Conforming to contract". 30-2-106. "Contract for sale". 30-2-106. "Cover". 30-2-712. "Entrusting". 30-2-403. "Financing agency". 30-2-104. "Future goods". 30-2-105. "Goods". 30-2-105. "Identification". 30-2-501. "Installment contract". 30-2-612. "Letter of credit". 30-2-325. "Lot". 30-2-105. "Merchant". 30-2-104. "Overseas". 30-2-323. "Person in position of seller". 30-2-707. "Present sale". 30-2-106. "Sale". 30-2-106. "Sale on approval". 30-2-326. "Sale or return". 30-2-326. "Termination". 30-2-106. (3) The following definitions in other chapters apply to this chapter: "Check". 30-3-104. "Consignee". 30-7-102. "Consignor". 30-7-102. "Consumer goods". 30-9A-102. "Dishonor". 30-3-512. "Draft". 30-3-104. (4) In addition, chapter 1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.