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2013 Arizona Revised Statutes
Title 47 - Uniform Commercial Code
§ 47-2103 Definitions and index of definitions


AZ Rev Stat § 47-2103 (through 1st Reg Sess 51st Leg. 2013) What's This?

47-2103. Definitions and index of definitions

A. In this chapter, unless the context otherwise requires:

1. " Buyer" means a person who buys or contracts to buy goods.

2. " 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.

3. " Receipt" of goods means taking physical possession of them.

4. " Seller" means a person who sells or contracts to sell goods.

B. Other definitions applying to this chapter, and the sections in which they appear, are:

1. " Acceptance" . Section 47-2606.

2. " Banker's credit" . Section 47-2325.

3. " Between merchants" . Section 47-2104.

4. " Cancellation" . Subsection D of section 47-2106.

5. " Commercial unit" . Section 47-2105.

6. " Confirmed credit" . Section 47-2325.

7. " Conforming to contract" . Section 47-2106.

8. " Contract for sale" . Section 47-2106.

9. " Cover" . Section 47-2712.

10. " Entrusting" . Section 47-2403.

11. " Financing agency" . Section 47-2104.

12. " Future goods" . Section 47-2105.

13. " Goods" . Section 47-2105.

14. " Identification" . Section 47-2501.

15. " Installment contract" . Section 47-2612.

16. " Letter of credit" . Section 47-2325.

17. " Lot" . Section 47-2105.

18. " Merchant" . Section 47-2104.

19. " Overseas" . Section 47-2323.

20. " Person in position of seller" . Section 47-2707.

21. " Present sale" . Section 47-2106.

22. " Sale" . Section 47-2106.

23. " Sale on approval" . Section 47-2326.

24. " Sale or return" . Section 47-2326.

25. " Termination" . Section 47-2106.

C. " Control" as provided in section 47-7106 and the following definitions in other chapters apply to this chapter:

1. " Check" . Section 47-3104.

2. " Consignee" . Section 47-7102.

3. " Consignor" . Section 47-7102.

4. " Consumer goods" . Section 47-9102.

5. " Dishonor" . Section 47-3502.

6. " Draft" . Section 47-3104.

D. In addition, chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter.

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