Definitions and index of definitions

  1. Law
  2. Arkansas Code
  3. Business and Commercial Law
  4. Uniform Commercial Code
  5. Sales
  6. Short Title, General Construction, and Subject Matter
  7. Definitions and index of definitions

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

    1. (1) “Buyer” means a person who buys or contracts to buy goods.

    2. (2) [Reserved.]

    3. (3) “Receipt” of goods means taking physical possession of them.

    4. (4) “Seller” means a person who sells or contracts to sell goods.

  2. (b) Other definitions applying to this chapter or to specified parts thereof, and the sections in which they appear are: “Acceptance”. Section 4-2-606. “Banker's credit”. Section 4-2-325. “Between merchants”. Section 4-2-104. “Cancellation”. Section 4-2-106(4). “Commercial unit”. Section 4-2-105. “Confirmed credit”. Section 4-2-325. “Conforming to contract”. Section 4-2-106. “Contract for sale”. Section 4-2-106. “Cover”. Section 4-2-712. “Entrusting”. Section 4-2-403. “Financing agency”. Section 4-2-104. “Future goods”. Section 4-2-105. “Goods”. Section 4-2-105. “Identification”. Section 4-2-501. “Installment contract”. Section 4-2-612. “Letter of credit”. Section 4-2-325. “Lot”. Section 4-2-105. “Merchant”. Section 4-2-104. “Overseas”. Section 4-2-323. “Person in position of seller”. Section 4-2-707. “Present sale”. Section 4-2-106. “Sale”. Section 4-2-106. “Sale on approval”. Section 4-2-326. “Sale or return”. Section 4-2-326. “Termination”. Section 4-2-106.

  3. (c) “Control” as provided in § 4-7-106 and the following definitions in other chapters apply to this chapter: “Check”. Section 4-3-104. “Consignee”. Section 4-7-102. “Consignor”. Section 4-7-102. “Consumer goods”. Section 4-9-102. “Dishonor”. Section 4-3-502.> “Draft”. Section 4-3-104.

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

History. Acts 1961, No. 185, § 2-103; A.S.A. 1947, § 85-2-103; 2001, No. 1439, § 4; 2005, No. 856, § 17; 2007, No. 342, § 8.


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