§490:2-103  Definitions and index of
definitions.  (1)  In this article 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 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:



"Acceptance".  Section 490:2-606.



"Banker's credit".  Section
490:2-325.



"Between merchants".  Section
490:2-104.



"Cancellation".  Section
490:2-106(4).



"Commercial unit".  Section 490:2-105.



"Confirmed credit".  Section
490:2-325.



"Conforming to contract".  Section
490:2-106.



"Contract for sale".  Section
490:2-106.



"Cover".  Section 490:2-712.



"Entrusting".  Section 490:2-403.



"Financing agency".  Section
490:2-104.



"Future goods".  Section 490:2-105.



"Goods".  Section 490:2-105.



"Identification".  Section 490:2-501.



"Installment contract".  Section
490:2-612.



"Letter of credit".  Section
490:2-325.



"Lot".  Section 490:2-105.



"Merchant".  Section 490:2-104.



"Overseas".  Section 490:2-323.



"Person in position of seller". 
Section 490:2-707.



"Present sale".  Section 490:2-106.



"Sale".  Section 490:2-106.



"Sale on approval".  Section
490:2-326.



"Sale or return".  Section 490:2-326.



"Termination".  Section 490:2-106.



(3)  The following definitions in other
articles apply to this article:



"Check".  Section 490:3-104.



"Consignee".  Section 490:7-102.



"Consignor".  Section 490:7-102.



"Consumer goods".  Section 490:9-102.



"Control".  Section 490:7-106.



"Dishonor".  Section 490:3-502.



"Draft".  Section 490:3-104.



(4)  In addition article 1 contains general
definitions and principles of construction and interpretation applicable
throughout this article. [L 1965, c 208, §2-103; HRS §490:2-103; am L 1997, c
32, §3; am L 2000, c 241, §11; am L 2004, c 163, §4]