§2-103. Definitions and index of definitions
(1).
In this Article unless the context otherwise requires
(a).
Buyer. "Buyer" means a person who buys or contracts to buy goods.
(b).
[PL 2009, c. 325, Pt. B, §4 (RP); PL 2009, c. 325, Pt. B, §27 (AFF).]
(c).
Receipt. "Receipt" of goods means taking physical possession of them.
(d).
Seller. "Seller" means a person who sells or contracts to sell goods.
[PL 2009, c. 325, Pt. B, §4 (AMD); PL 2009, c. 325, Pt. B, §27 (AFF).]
(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, subsection (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:
[RR 2019, c. 2, Pt. A, §15 (COR).]
| "Check." | Section 3‑1104. | |
| "Consignee." | Section 7‑1102. | |
| "Consignor." | Section 7‑1102. | |
| "Consumer goods." | Section 9‑1102. | |
| "Dishonor." | Section 3‑1502. | |
| "Draft." | Section 3‑1104. |
(3-A).
"Control" as provided in section 7‑1106 and the following definitions in other Articles apply to this Article:
[RR 2019, c. 2, Pt. A, §16 (COR).]
| "Check." | Section 3‑1104. | |
| "Consignee." | Section 7‑1102. | |
| "Consignor." | Section 7‑1102. | |
| "Consumer goods." | Section 9‑1102. | |
| "Dishonor." | Section 3‑1502. | |
| "Draft." | Section 3‑1104. |
(4).
In addition, Article 1‑A contains general definitions and principles of construction and interpretation applicable throughout this Article.
[PL 2025, c. 655, Pt. A, §10 (AMD).]
SECTION HISTORY
PL 1999, c. 699, §B5 (AMD). PL 1999, c. 699, §B28 (AFF). PL 2009, c. 324, Pt. B, §§3, 4 (AMD). PL 2009, c. 324, Pt. B, §48 (AFF). PL 2009, c. 325, Pt. B, §4 (AMD). PL 2009, c. 325, Pt. B, §27 (AFF). RR 2019, c. 2, Pt. A, §§15, 16 (COR). PL 2025, c. 655, Pt. A, §10 (AMD).