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Section 2-103 - Definitions and Index of Definitions

MA Gen L ch 2 § 2-103 (2019) (N/A)
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Section 2-103. (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) 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.

''Control''. Section 7-106.

''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.