(1) In this chapter 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 chapter or to specified parts thereof, and the sections in which they appear are:
"Acceptance." Section 36-2-606.
"Banker's credit." Section 36-2-325.
"Between merchants." Section 36-2-104.
"Cancellation." Section 36-2-106(4).
"Commercial unit." Section 36-2-105.
"Confirmed credit." Section 36-2-325.
"Conforming to contract." Section 36-2-106.
"Contract for sale." Section 36-2-106.
"Cover." Section 36-2-712.
"Entrusting." Section 36-2-403.
"Financing agency." Section 36-2-104.
"Future goods." Section 36-2-105.
"Goods." Section 36-2-105.
"Identification." Section 36-2-501.
"Installment contract." Section 36-2-612.
"Letter of credit." Section 36-2-325.
"Lot." Section 36-2-105.
"Merchant." Section 36-2-104.
"Overseas." Section 36-2-323.
"Person in position of seller." Section 36-2-707.
"Present sale." Section 36-2-106.
"Sale." Section 36-2-106.
"Sale on approval." Section 36-2-326.
"Sale or return." Section 36-2-326.
"Termination." Section 36-2-106.
(3) "Control" as provided in Section 36-7-106 and the following definitions in other chapters of Title 36 apply to this chapter:
"Check" Section 36-3-104.
"Consignee" Section 36-7-102.
"Consignor" Section 36-7-102.
"Consumer goods" Section 36-9-102.
"Dishonor" Section 36-3-507.
"Draft" Section 36-3-104.
(4) In addition Title 36, Chapter 1, contains general definitions and principles of construction and interpretation applicable throughout this Chapter.
HISTORY: 1962 Code Section 10.2-103; 1966 (54) 2716; 2014 Act No. 213 (S.343), Sections 3, 4, eff October 1, 2014.
Editor's Note
2014 Act No. 213, Section 51, provides as follows:
"SECTION 51. This act becomes effective on October 1, 2014. It applies to transactions entered into and events occurring after that date."
Effect of Amendment
2014 Act No. 213, Section 3, reserved subsection (1)(b), which formerly had defined "good faith".
2014 Act No. 213, Section 4, in the introductory text of subsection (3), inserted the definition of "control".