(1) In this chapter unless the context otherwise requires:

(a) “Buyer” means a person that 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 chapter or to specified parts thereof, and the sections in which they appear are:

“Acceptance” Section 75-2-606

“Banker’s credit” Section 75-2-325

“Between merchants” Section 75-2-104

“Cancellation” Section 75-2-106(4)

“Commercial unit” Section 75-2-105

“Confirmed credit” Section 75-2-325

“Conforming to contract” Section 75-2-106

“Contract for sale” Section 75-2-106

“Cover” Section 75-2-712

“Entrusting” Section 75-2-403

“Financing agency” Section 75-2-104

“Future goods” Section 75-2-105

“Goods” Section 75-2-105

“Identification” Section 75-2-501

“Installment contract” Section 75-2-612

“Letter of Credit” Section 75-2-325

“Lot” Section 75-2-105

“Merchant” Section 75-2-104

“Overseas” Section 75-2-323

“Person in position of seller” Section 75-2-707

“Present sale” Section 75-2-106

“Sale” Section 75-2-106

“Sale on approval” Section 75-2-326

“Sale or return” Section 75-2-326

(3) The following definitions in other chapters apply to this chapter:

“Check” Section 75-3-104

“Consignee” Section 75-7-102

“Consignor” Section 75-7-102

“Consumer goods” Section 75-9-102

“Control” Section 75-7-106

“Dishonor” Section 75-3-502

“Draft” Section 75-3-104

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