§ 402.101 Short title
§ 402.102 Scope; certain security and other transactions excluded from this chapter
§ 402.103 Definitions and index of definitions
§ 402.104 Definitions: “merchant”; “between merchants”; “financing agency”
§ 402.105 Definitions: transferability; “goods”; “future” goods; “lot”; “commercial unit”
§ 402.106 Definitions: “contract”; “agreement”; “contract for sale”; “sale”; “present sale”; “conforming” to contract; “termination”; “cancellation”
§ 402.107 Goods to be severed from realty: recording
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Terms Used In Wisconsin Statutes > Chapter 402 > Subchapter I - Short Title, General Construction and Subject Matter

  • Buyer: means a person who buys or contracts to buy goods. See Wisconsin Statutes 402.103
  • 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 Wisconsin Statutes 402.106
  • Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
  • Land: includes lands, tenements and hereditaments and all rights thereto and interests therein. See Wisconsin Statutes 990.01
  • Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
  • present sale: means a sale which is accomplished by the making of the contract. See Wisconsin Statutes 402.106
  • Seller: means a person who sells or contracts to sell goods. See Wisconsin Statutes 402.103
  • Statute: A law passed by a legislature.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC