§2-103. Definitions and index of definitions

Link to law: http://legislature.vermont.gov/statutes/section/09A/002/00103
Published: 2015

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Title

09A

:
Uniform Commercial Code






Chapter

002

:
Sales











 

§

2-103. Definitions and index of definitions

(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)

"Control" as provided in section 7-106 of this title and 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.

"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. (Amended 1999, No. 106 (Adj.

Sess.), § 5, eff. July 1, 2001; 2007, No. 99 (Adj. Sess.), § 3; 2015, No. 51, §

B.5, eff. June 3, 2015.)
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