Oregon Statutes 72.1030 – Definitions and index of definitions
(1) In this chapter unless the context otherwise requires:
Terms Used In Oregon Statutes 72.1030
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- Seller: means a person who sells or contracts to sell goods. See Oregon Statutes 72.1030
(a) ‘Buyer’ means a person who buys or contracts to buy goods.
(b) ‘Livestock’ means equines, cattle, sheep, goats, llamas, alpacas and swine.
(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, and the sections in which they appear are:
(a) ‘Acceptance,’ as defined in ORS § 72.6060.
(b) ‘Banker’s credit,’ as defined in ORS § 72.3250.
(c) ‘Between merchants,’ as defined in ORS § 72.1040.
(d) ‘Cancellation,’ as defined in ORS § 72.1060 (4).
(e) ‘Commercial unit,’ as defined in ORS § 72.1050.
(f) ‘Confirmed credit,’ as defined in ORS § 72.3250.
(g) ‘Conforming to contract,’ as defined in ORS § 72.1060.
(h) ‘Contract for sale,’ as defined in ORS § 72.1060.
(i) ‘Cover,’ as defined in ORS § 72.7120.
(j) ‘Entrusting,’ as defined in ORS § 72.4030.
(k) ‘Financing agency,’ as defined in ORS § 72.1040.
(L) ‘Future goods,’ as defined in ORS § 72.1050.
(m) ‘Goods,’ as defined in ORS § 72.1050.
(n) ‘Identification,’ as defined in ORS § 72.5010.
(o) ‘Installment contract,’ as defined in ORS § 72.6120.
(p) ‘Letter of credit,’ as defined in ORS § 72.3250.
(q) ‘Lot,’ as defined in ORS § 72.1050.
(r) ‘Merchant,’ as defined in ORS § 72.1040.
(s) ‘Overseas,’ as defined in ORS § 72.3230.
(t) ‘Person in position of seller,’ as defined in ORS § 72.7070.
(u) ‘Present sale,’ as defined in ORS § 72.1060.
(v) ‘Sale,’ as defined in ORS § 72.1060.
(w) ‘Sale on approval,’ as defined in ORS § 72.3260.
(x) ‘Sale or return,’ as defined in ORS § 72.3260.
(y) ‘Termination,’ as defined in ORS § 72.1060.
(3) ‘Control’ as provided in ORS § 77.1060 and the following definitions in other series of sections apply to this chapter:
(a) ‘Check,’ as defined in ORS § 73.0104.
(b) ‘Consignee,’ as defined in ORS § 77.1020.
(c) ‘Consignor,’ as defined in ORS § 77.1020.
(d) ‘Consumer goods,’ as defined in ORS § 79.0102.
(e) ‘Dishonor,’ as defined in ORS § 73.0502.
(f) ‘Draft,’ as defined in ORS § 73.0104.
(4) In addition, ORS Chapter 71 contains general definitions and principles of construction and interpretation applicable throughout this chapter. [1961 c.726 § 72.1030; 1979 c.636 § 1; 1993 c.545 § 116; 1995 c.320 § 1; 2001 c.445 § 132; 2009 c.181 § 24]