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Code · Oklahoma · Title 12A — Uniform Commercial Code

§12A-2-103. Definitions and Index of Definitions.

390 words·~2 min read·/ok/title-12a-uniform-commercial-code/12a-2-103

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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)“Receipt” of goods means taking physical possession of
them.
(c)“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 of this title.
“Banker's credit”. Section 2-325 of this title.
“Between merchants”. Section 2-104 of this title.
“Cancellation”. Section 2-106(4) of this title.
“Commercial unit”. Section 2-105 of this title.
“Confirmed credit”. Section 2-325 of this title.
“Conforming to contract”. Section 2-106 of this title.
“Contract for sale”. Section 2-106 of this title.
“Cover”. Section 2-712 of this title.
“Entrusting”. Section 2-403 of this title.
“Financing agency”. Section 2-104 of this title.
“Future goods”. Section 2-105 of this title.
“Goods”. Section 2-105 of this title.
“Identification”. Section 2-501 of this title.
“Installment contract”. Section 2-612 of this title.
“Letter of credit”. Section 2-325 of this title.
“Lot”. Section 2-105 of this title.
“Merchant”. Section 2-104 of this title.
“Overseas”. Section 2-323 of this title.
“Person in position of seller”. Section 2-707 of this title.
“Present sale”. Section 2-106 of this title.
“Sale”. Section 2-106 of this title.
“Sale on approval”. Section 2-326 of this title.
“Sale or return”. Section 2-326 of this title.
“Termination”. Section 2-106 of this title.
(3)“Control” as provided in Section 7-106 of this title and the following definitions in other articles apply to this article:
“Check”. Section 3-104 of this title.
“Consignee”. Section 7-102 of this title.
“Consignor”. Section 7-102 of this title.
“Consumer goods”. Section 1-9-102 of this title.
“Dishonor”. Section 3-502 of this title.
“Draft”. Section 3-104 of this title.
(4)In addition, Article 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this article. Added by Laws 1961, p. 74, § 2-103. Amended by Laws 1994, c. 46, § 2, eff. Sept. 1, 1994; Laws 2000, c. 371, § 148, eff. July 1, 2001; Laws 2005, c. 140, § 42, eff. Jan. 1, 2006; Laws 2005, c. 473, § 1, emerg. eff. June 9, 2005. NOTE: Laws 2005, c. 139, § 24 repealed by Laws 2005, c. 473, § 3, emerg. eff. June 9, 2005.
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