§ 810 ILCS 5/2-401 Passing of title; reservation for security; limited application of this Section
§ 810 ILCS 5/2-402 Rights of seller’s creditors against sold goods
§ 810 ILCS 5/2-403 Power to transfer; good faith purchase of goods; “entrusting”
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Terms Used In Illinois Compiled Statutes > 810 ILCS 5 > Article 2 > Part 4 - Title, Creditors And Good Faith Purchasers

  • Buyer: means a person who buys or contracts to
    
buy goods. See Illinois Compiled Statutes 810 ILCS 5/2-103
  • Contract: A legal written agreement that becomes binding when signed.
  • Contract for sale: includes both a present sale of goods and a contract to sell goods at a future time. See Illinois Compiled Statutes 810 ILCS 5/2-106
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Seller: means a person who sells or contracts to
    •     
    sell goods. See Illinois Compiled Statutes 810 ILCS 5/2-103
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14

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