STATE STATUTES & CODES
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MISSISSIPPI STATUTES AND CODES
75-2-103 - Definitions and index of definitions.
§ 75-2-103. Definitions and index of definitions.
(1) In this chapter unless the context otherwise requires:
(a) "Buyer" means a person who buys or contracts to buy goods.
(b) "Good faith" in the case of a merchant means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.
(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.
"Termination" Section 75-2-106.
(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.
Sources: Codes, 1942, § 41A:2-103; Laws, 1966, ch. 316, § 2-103; Laws, 2001, ch. 495, § 6; Laws, 2006, ch. 527, § 42, eff from and after July 1, 2006.