2006 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.2-106 DEFINITIONS: "CONTRACT"; "AGREEMENT"; "CONTRACT FOR SALE"; "SALE"; "PRESENT SALE"; "CONFORMING TO CONTRACT"; "TERMINATION"; "CANCELLATION."

336.2-106 DEFINITIONS: "CONTRACT"; "AGREEMENT"; "CONTRACT FOR
SALE"; "SALE"; "PRESENT SALE"; "CONFORMING TO CONTRACT";
"TERMINATION"; "CANCELLATION."
(1) In this article unless the context otherwise requires "contract" and "agreement" are
limited to those relating to the present or future sale of goods. "Contract for sale" includes both a
present sale of goods and a contract to sell goods at a future time. A "sale" consists in the passing
of title from the seller to the buyer for a price (section 336.2-401). A "present sale" means a sale
which is accomplished by the making of the contract.
(2) Goods or conduct including any part of a performance are "conforming" or conform to
the contract when they are in accordance with the obligations under the contract.
(3) "Termination" occurs when either party pursuant to a power created by agreement or
law puts an end to the contract otherwise than for its breach. On "termination" all obligations
which are still executory on both sides are discharged but any right based on prior breach or
performance survives.
(4) "Cancellation" occurs when either party puts an end to the contract for breach by the
other and its effect is the same as that of "termination" except that the canceling party also retains
any remedy for breach of the whole contract or any unperformed balance.
History: 1965 c 811 s 336.2-106