2006 New York Code - Definitions And Index Of Definitions.



 
  Section 2--103. Definitions and Index of Definitions.
    (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
             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 Article or to  specified  Parts
  thereof, and the sections in which they appear are:
    "Acceptance". Section 2--606.
    "Banker's credit". Section 2--325.
    "Between merchants". Section 2--104.
    "Cancellation". Section 2--106 (4).
    "Commercial unit". Section 2--105.
    "Confirmed credit". Section 2--325.
    "Conforming to contract". Section 2--106.
    "Contract for sale". Section 2--106.
    "Cover". Section 2--712.
    "Entrusting". Section 2--403.
    "Financing agency". Section 2--104.
    "Future goods". Section 2--105.
    "Goods". Section 2--105.
    "Identification". Section 2--501.
    "Installment contract". Section 2--612.
    "Letter of Credit". Section 2--325.
    "Lot". Section 2--105.
    "Merchant". Section 2--104.
    "Overseas". Section 2--323.
    "Person in position of seller". Section 2--707.
    "Present sale". Section 2--106.
    "Sale". Section 2--106.
    "Sale on approval". Section 2--326.
    "Sale or return". Section 2--326.
    "Termination". Section 2--106.
    (3) The following definitions in other Articles apply to this Article:
                 "Check".                 Section 3--104.
                 "Consignee".             Section 7--102.
                 "Consignor".             Section 7--102.
                 "Consumer goods".        Section 9--102.
                 "Dishonor".              Section 3--507.
                 "Draft".                 Section 3--104.
    (4)  In addition Article 1 contains general definitions and principles
  of construction and interpretation applicable throughout this Article.

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