2017 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 2 - Sales
Part 1 - Short Title, General Construction and Subject Matter
§ 47-2-103. 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." § 47-2-606.
"Banker's credit." § 47-2-325.
"Between merchants." § 47-2-104.
"Cancellation." § 47-2-106(4).
"Commercial unit." § 47-2-105.
"Confirmed credit." § 47-2-325.
"Conforming to contract." § 47-2-106.
"Contract for sale." § 47-2-106.
"Cover." § 47-2-712.
"Entrusting." § 47-2-403.
"Financing agency." § 47-2-104.
"Future goods." § 47-2-105.
"Goods." § 47-2-105.
"Identification." § 47-2-501.
"Installment contract." § 47-2-612.
"Letter of credit." § 47-2-325.
"Lot." § 47-2-105.
"Merchant." § 47-2-104.
"Overseas." § 47-2-323.
"Person in position of seller." § 47-2-707.
"Present sale." § 47-2-106.
"Sale." § 47-2-106.
"Sale on approval." § 47-2-326.
"Sale or return." § 47-2-326.
"Termination." § 47-2-106.
- (3) "Control" as provided in § 47-7-106 and the following definitions in other chapters apply to this chapter:
"Check." § 47-3-104.
"Consignee." § 47-7-102.
"Consignor." § 47-7-102.
"Consumer goods." § 47-9-102.
"Dishonor." § 47-3-502.
"Draft." § 47-3-104.
- (4) In addition chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter.