47-2103. 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. " 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.
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" . Section 47-2606.
2. " Banker's credit" . Section 47-2325.
3. " Between merchants" . Section 47-2104.
4. " Cancellation" . Subsection D of section 47-2106.
5. " Commercial unit" . Section 47-2105.
6. " Confirmed credit" . Section 47-2325.
7. " Conforming to contract" . Section 47-2106.
8. " Contract for sale" . Section 47-2106.
9. " Cover" . Section 47-2712.
10. " Entrusting" . Section 47-2403.
11. " Financing agency" . Section 47-2104.
12. " Future goods" . Section 47-2105.
13. " Goods" . Section 47-2105.
14. " Identification" . Section 47-2501.
15. " Installment contract" . Section 47-2612.
16. " Letter of credit" . Section 47-2325.
17. " Lot" . Section 47-2105.
18. " Merchant" . Section 47-2104.
19. " Overseas" . Section 47-2323.
20. " Person in position of seller" . Section 47-2707.
21. " Present sale" . Section 47-2106.
22. " Sale" . Section 47-2106.
23. " Sale on approval" . Section 47-2326.
24. " Sale or return" . Section 47-2326.
25. " Termination" . Section 47-2106.
C. " Control" as provided in section 47-7106 and the following definitions in other chapters apply to this chapter:
1. " Check" . Section 47-3104.
2. " Consignee" . Section 47-7102.
3. " Consignor" . Section 47-7102.
4. " Consumer goods" . Section 47-9102.
5. " Dishonor" . Section 47-3502.
6. " Draft" . Section 47-3104.
D. In addition, chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter.
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