§ 2-103. Definitions and index of definitions

MD Comm L Code § 2-103 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(1)    In this title 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 title or to specified subtitles thereof, and the sections in which they appear are:

“Acceptance.” § 2-606.

“Banker’s credit.” § 2-325.

“Between merchants.” § 2-104.

“Cancellation.” § 2-106(4).

“Commercial unit.” § 2-105.

“Confirmed credit.” § 2-325.

“Conforming to contract.” § 2-106.

“Contract for sale.” § 2-106.

“Cover.” § 2-712.

“Entrusting.” § 2-403.

“Financing agency.” § 2-104.

“Future goods.” § 2-105.

“Goods.” § 2-105.

“Identification.” § 2-501.

“Installment contract.” § 2-612.

“Letter of credit.” § 2-325.

“Lot.” § 2-105.

“Merchant.” § 2-104.

“Overseas.” § 2-323.

“Person in position of seller.” § 2-707.

“Present sale.” § 2-106.

“Sale.” § 2-106.

“Sale on approval.” § 2-326.

“Sale or return.” § 2-326.

“Termination.” § 2-106.

(3)    “Control” as provided in § 7-106 and the following definitions in other titles apply to this title:

“Check.” § 3-104.

“Consignee.” § 7-102.

“Consignor.” § 7-102.

“Consumer goods.” § 9-102.

“Dishonor.” § 3-502.

“Draft.” § 3-104.

(4)    In addition Title 1 contains general definitions and principles of construction and interpretation applicable throughout this title.