There is a newer version of this Section
2023
2022 (you are here)
2021
View All Versions
View our newest version here

2022 Arizona Revised Statutes
Title 47 - Uniform Commercial Code
§ 47-2103 - Definitions and index of definitions

Universal Citation:
AZ Rev Stat § 47-2103 (2022)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Previous Next

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.

Previous Next
Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.