Sec. 45.02.103. Definitions and index of definitions.

309 words·~1 min read·/ak/title-45/chapter-2/45-02-103

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)In this chapter, unless the context otherwise requires,

(1)“buyer” means a person who buys or contracts to buy goods;

(2)[Repealed, § 113 ch 44 SLA 2009.]

(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” ( AS 45.02.606 );

(2)“banker's credit” ( AS 45.02.325 );

(3)“between merchants” ( AS 45.02.104 );

(4)“cancellation” ( AS 45.02.106 (d));

(5)“commercial unit” ( AS 45.02.105 );

(6)“confirmed credit” ( AS 45.02.325 );

(7)“conforming to contract” ( AS 45.02.106 );

(8)“contract for sale” ( AS 45.02.106 );

(9)“cover” ( AS 45.02.712 );

(10)“entrusting” ( AS 45.02.403 );

(11)“financing agency” ( AS 45.02.104 );

(12)“future goods” ( AS 45.02.105 );

(13)“goods” ( AS 45.02.105 );

(14)“identification” ( AS 45.02.501 );

(15)“installment contract” ( AS 45.02.612 );

(16)“letter of credit” ( AS 45.02.325 );

(17)“lot” ( AS 45.02.105 );

(18)“merchant” ( AS 45.02.104 );

(19)“overseas” ( AS 45.02.323 );

(20)“person in position of seller” ( AS 45.02.707 );

(21)“present sale” ( AS 45.02.106 );

(22)“sale” ( AS 45.02.106 );

(23)“sale or return” ( AS 45.02.326 );

(24)“termination” ( AS 45.02.106 ).

(c)The following definitions in other chapters apply to this chapter:

(1)“check” ( AS 45.03.104 );

(2)“consignee” ( AS 45.07.112 );

(3)“consignor” ( AS 45.07.112 );

(4)“consumer goods” ( AS 45.29.102 );

(5)“control” ( AS 45.07.116 );

(6)“dishonor” ( AS 45.03.502 );

(7)“draft” ( AS 45.03.104 ).

(d)In addition, AS 45.01 contains general definitions and principles of construction and interpretation applicable throughout this chapter.