8.2-103 - Definitions and index of definitions.
§ 8.2-103. Definitions and index of definitions.
(1) In this title unless the context otherwise requires:
(a) "Buyer" means a person who buys or contracts to buy goods.
(b) "Good faith" in the case of a merchant means honesty in fact and theobservance 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 title or to specified parts thereof,and the sections in which they appear are:
"Acceptance." § 8.2-606.
"Banker's credit." § 8.2-325.
"Between merchants." § 8.2-104.
"Cancellation." § 8.2-106 (4).
"Commercial unit." § 8.2-105.
"Confirmed credit." § 8.2-325.
"Conforming to contract." § 8.2-106.
"Contract for sale." § 8.2-106.
"Cover." § 8.2-712.
"Entrusting." § 8.2-403.
"Financing agency." § 8.2-104.
"Future goods." § 8.2-105.
"Goods." § 8.2-105.
"Identification." § 8.2-501.
"Installment contract." § 8.2-612.
"Letter of credit." § 8.2-325.
"Lot." § 8.2-105.
"Merchant." § 8.2-104.
"Overseas." § 8.2-323.
"Person in position of seller." § 8.2-707.
"Present sale." § 8.2-106.
"Sale." § 8.2-106.
"Sale on approval." § 8.2-326.
"Sale or return." § 8.2-326.
"Termination." § 8.2-106.
(3) The following definitions in other titles apply to this title:
"Check." § 8.3A-104.
"Consignee." § 8.7-102.
"Consignor." § 8.7-102.
"Consumer goods." § 8.9A-102.
"Control." § 8.7-106.
"Dishonor." § 8.3A-502.
"Draft." § 8.3A-104.
(4) In addition Title 8.1A contains general definitions and principles ofconstruction and interpretation applicable throughout this title.
(1964, c. 219; 2000, c. 1007; 2003, c. 353; 2004, c. 200.)