Sec. 2103.
(1) In this article unless the context otherwise requires:
(a) "Buyer" means a person who buys or contracts to buy goods.
(b) "Receipt" of goods means taking physical possession of them.
(c) "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 2606. |
"Banker's credit". | Section 2325. |
"Between merchants". | Section 2104. |
"Cancellation". | Section 2106(4). |
"Commercial unit". | Section 2105. |
"Confirmed credit". | Section 2325. |
"Conforming to contract". | Section 2106. |
"Contract for sale". | Section 2106. |
"Cover". | Section 2712. |
"Entrusting". | Section 2403. |
"Financing agency". | Section 2104. |
"Future goods". | Section 2105. |
"Goods". | Section 2105. |
"Identification". | Section 2501. |
"Installment contract". | Section 2612. |
"Letter of credit". | Section 2325. |
"Lot". | Section 2105. |
"Merchant". | Section 2104. |
"Overseas". | Section 2323. |
"Person in position of seller". | Section 2707. |
"Present sale". | Section 2106. |
"Sale". | Section 2106. |
"Sale on approval". | Section 2326. |
"Sale or return". | Section 2326. |
"Termination". | Section 2106. |
"Check". | Section 3104. |
"Consignee". | Section 7102. |
"Consignor". | Section 7102. |
"Consumer goods". | Section 9102. |
"Dishonor". | Section 3502. |
"Draft". | Section 3104. |
History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2000, Act 348, Eff. July 1, 2001 ;-- Am. 2012, Act 87, Eff. July 1, 2013