Texas Business and Commerce Code 2.103 – Definitions and Index of Definitions
(a) In this chapter unless the context otherwise requires
(1) “Buyer” means a person who buys or contracts to buy goods.
(2) Reserved.
(3) “Receipt” of goods means taking physical possession of them.
(4) “Seller” means a person who sells or contracts to sell goods.
(b) Other definitions applying to this chapter or to specified subchapters thereof, and the sections in which they appear are:
“Acceptance”. Section 2.606.
“Banker’s credit”. Section 2.325.
“Between merchants”. Section 2.104.
“Cancellation”. Section 2.106(d).
“Commercial unit”. Section 2.105.
“Confirmed credit”. Section 2.325.
“Conforming to contract”. Section 2.106.
“Contract for sale”. Section 2.106.
“Cover”. Section 2.712.
“Entrusting”. Section 2.403.
“Financing agency”. Section 2.104.
“Future goods”. Section 2.105.
“Goods”. Section 2.105.
“Identification”. Section 2.501.
“Installment contract”. Section 2.612.
“Letter of credit”. Section 2.325.
“Lot”. Section 2.105.
“Merchant”. Section 2.104.
“Overseas”. Section 2.323.
“Person in position of seller”. Section 2.707.
“Present sale”. Section 2.106.
“Sale”. Section 2.106.
“Sale on approval”. Section 2.326.
“Sale or return”. Section 2.326.
“Termination”. Section 2.106.
Terms Used In Texas Business and Commerce Code 2.103
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) The following definitions in other chapters apply to this chapter:
“Check”. Section 3.104.
“Consignee”. Section 7.102.
“Consignor”. Section 7.102.
“Consumer goods”. Section 9.102.
“Control”. Section 7.106.
“Dishonor”. Section 3.502.
“Draft”. Section 3.104.
(d) In addition Chapter 1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.