Missouri Laws 400.2-103 – Definitions and index of definitions
Current as of: 2024 | Check for updates
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(1) In this article unless the context otherwise requires
(a) “Buyer” means a person who buys or contracts to buy goods.
Terms Used In Missouri Laws 400.2-103
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
(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 article or to specified parts thereof, and the sections in which they appear are:
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| “Acceptance”. | Section 400.2-606. |
| “Banker’s credit”. | Section 400.2-325. |
| “Between merchants”. | Section 400.2-104. |
| “Cancellation”. | Section 400.2-106(4). |
| “Commercial unit”. | Section 400.2-105. |
| “Confirmed credit”. | Section 400.2-325. |
| “Conforming to contract”. | Section 400.2-106. |
| “Contract for sale”. | Section 400.2-106. |
| “Cover”. | Section 400. 2-712. |
| “Entrusting”. | Section 400.2-403. |
| “Financing agency”. | Section 400.2-104. |
| “Future goods”. | Section 400.2-105. |
| “Goods”. | Section 400.2-105. |
| “Identification”. | Section 400.2-501. |
| “Installment contract”. | Section 400.2-612. |
| “Letter of credit”. | Section 400.2-325. |
| “Lot”. | Section 400.2-105. |
| “Merchant”. | Section 400.2-104. |
| “Overseas”. | Section 400.2-323. |
| “Person in position of seller”. | Section 400.2-707. |
| “Present sale”. | Section 400.2-106. |
| “Sale”. | Section 400.2-106. |
| “Sale on approval”. | Section 400.2-326. |
| “Sale or return”. | Section 400.2-326. |
| “Termination”. | Section 400.2-106. |
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(3) The following definitions in other articles apply to this article:
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| “Check”. | Section 400.3-104. |
| “Consignee”. | Section 400.7-102. |
| “Consignor”. | Section 400.7-102. |
| “Consumer goods”. | Section 400.9-102. |
| “Dishonor”. | Section 400.3-502. |
| “Draft”. | Section 400.3-104. |
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(4) In addition article 1 contains general definitions and principles of construction and interpretation applicable throughout this article.