400.2-103. Definitions and index of definitions. - Missouri Statutes

Definitions and index of definitions.

400.2-103. (1) In this article 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 andthe observance of reasonable commercial standards of fair dealing in thetrade.

(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 article or to specified partsthereof, and the sections in which they appear are:

"Acceptance". Section 400.2-606.

"Banker's credit". Section 400.2-325.

"Between merchants". Section 400.2-104.

"Cancellation". Section 400.2-106(4).

"Commercial unit". Section 400.2-105.

"Confirmed credit". Section 400.2-325.

"Conforming to contract". Section 400.2-106.

"Contract for sale". Section 400.2-106.

"Cover". Section 400.2-712.

"Entrusting". Section 400.2-403.

"Financing agency". Section 400.2-104.

"Future goods". Section 400.2-105.

"Goods". Section 400.2-105.

"Identification". Section 400.2-501.

"Installment contract". Section 400.2-612.

"Letter of credit". Section 400.2-325.

"Lot". Section 400.2-105.

"Merchant". Section 400.2-104.

"Overseas". Section 400.2-323.

"Person in position of seller". Section 400.2-707.

"Present sale". Section 400.2-106.

"Sale". Section 400.2-106.

"Sale on approval". Section 400.2-326.

"Sale or return". Section 400.2-326.

"Termination". Section 400.2-106.

(3) The following definitions in other articles apply to thisarticle:

"Check". Section 400.3-104.

"Consignee". Section 400.7-102.

"Consignor". Section 400.7-102.

"Consumer goods". Section 400.9-102.

"Dishonor". Section 400.3-502.

"Draft". Section 400.3-104.

(4) In addition article 1 contains general definitions and principlesof construction and interpretation applicable throughout this article.

(L. 1963 p. 503 § 2-103, A.L. 2001 S.B. 288)

Effective 7-01-01