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Code · Utah · Title 70A — Uniform Commercial Code · Chapter 2

70A-2-103. Definitions and index of definitions.

325 words·~1 min read·/ut/title-70a/chapter-2/70a-2-103

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

70A-2-103. Definitions and index of definitions.
(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:
(a)"Acceptance." Section 70A-2-606 .
(b)"Banker's credit." Section 70A-2-325 .
(c)"Between merchants." Section 70A-2-104 .
(d)"Cancellation." Subsection 70A-2-106(4) .
(e)"Commercial unit." Section 70A-2-105 .
(f)"Confirmed credit." Section 70A-2-325 .
(g)"Conforming to contract." Section 70A-2-106 .
(h)"Contract for sale." Section 70A-2-106 .
(i)"Cover." Section 70A-2-712 .
(j)"Entrusting." Section 70A-2-403 .
(k)"Financing agency." Section 70A-2-104 .
(l)"Future goods." Section 70A-2-105 .
(m)"Goods." Section 70A-2-105 .
(n)"Identification." Section 70A-2-501 .
(o)"Installment contract." Section 70A-2-612 .
(p)"Letter of Credit." Section 70A-2-325 .
(q)"Lot." Section 70A-2-105 .
(r)"Merchant." Section 70A-2-104 .
(s)"Overseas." Section 70A-2-323 .
(t)"Person in position of seller." Section 70A-2-707 .
(u)"Present sale." Section 70A-2-106 .
(v)"Sale." Section 70A-2-106 .
(w)"Sale on approval." Section 70A-2-326 .
(x)"Sale or return." Section 70A-2-326 .
(y)"Termination." Section 70A-2-106 .
(3)"Control" as provided in Section 70A-7a-106 , and the following definitions in other chapters apply to this chapter:
(a)"Check." Section 70A-3-104 .
(b)"Consignee." Section 70A-7a-102 .
(c)"Consignor." Section 70A-7a-102 .
(d)"Consumer goods." Section 70A-9a-102 .
(e)"Dishonor." Section 70A-3-502 .
(f)"Draft." Section 70A-3-104 .
(4)In addition, Chapter 1a, Uniform Commercial Code - General Provisions , contains general definitions and principles of construction and interpretation applicable throughout this chapter.
Amended by Chapter 272 , 2007 General Session
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