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2018 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.

Universal Citation: TN Code § 47-2-103 (2018)
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  • (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.

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