State Codes and Statutes
Statutes > Missouri > T26 > C400 > 400_2-103
Definitions and index of definitions. 400.2-103. (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 andthe observance of reasonable commercial standards of fair dealing in thetrade.
(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 partsthereof, and the sections in which they appear are:
"Acceptance". Section 400.2-606.
"Banker's credit". Section 400.2-325.
"Between merchants". Section 400.2-104.
"Cancellation". Section 400.2-106(4).
"Commercial unit". Section 400.2-105.
"Confirmed credit". Section 400.2-325.
"Conforming to contract". Section 400.2-106.
"Contract for sale". Section 400.2-106.
"Cover". Section 400.2-712.
"Entrusting". Section 400.2-403.
"Financing agency". Section 400.2-104.
"Future goods". Section 400.2-105.
"Goods". Section 400.2-105.
"Identification". Section 400.2-501.
"Installment contract". Section 400.2-612.
"Letter of credit". Section 400.2-325.
"Lot". Section 400.2-105.
"Merchant". Section 400.2-104.
"Overseas". Section 400.2-323.
"Person in position of seller". Section 400.2-707.
"Present sale". Section 400.2-106.
"Sale". Section 400.2-106.
"Sale on approval". Section 400.2-326.
"Sale or return". Section 400.2-326.
"Termination". Section 400.2-106.
(3) The following definitions in other articles apply to thisarticle:
"Check". Section 400.3-104.
"Consignee". Section 400.7-102.
"Consignor". Section 400.7-102.
"Consumer goods". Section 400.9-102.
"Dishonor". Section 400.3-502.
"Draft". Section 400.3-104.
(4) In addition article 1 contains general definitions and principlesof construction and interpretation applicable throughout this article.
(L. 1963 p. 503 § 2-103, A.L. 2001 S.B. 288) Effective 7-01-01
State Codes and Statutes
Statutes > Missouri > T26 > C400 > 400_2-103
Definitions and index of definitions. 400.2-103. (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 andthe observance of reasonable commercial standards of fair dealing in thetrade.
(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 partsthereof, and the sections in which they appear are:
"Acceptance". Section 400.2-606.
"Banker's credit". Section 400.2-325.
"Between merchants". Section 400.2-104.
"Cancellation". Section 400.2-106(4).
"Commercial unit". Section 400.2-105.
"Confirmed credit". Section 400.2-325.
"Conforming to contract". Section 400.2-106.
"Contract for sale". Section 400.2-106.
"Cover". Section 400.2-712.
"Entrusting". Section 400.2-403.
"Financing agency". Section 400.2-104.
"Future goods". Section 400.2-105.
"Goods". Section 400.2-105.
"Identification". Section 400.2-501.
"Installment contract". Section 400.2-612.
"Letter of credit". Section 400.2-325.
"Lot". Section 400.2-105.
"Merchant". Section 400.2-104.
"Overseas". Section 400.2-323.
"Person in position of seller". Section 400.2-707.
"Present sale". Section 400.2-106.
"Sale". Section 400.2-106.
"Sale on approval". Section 400.2-326.
"Sale or return". Section 400.2-326.
"Termination". Section 400.2-106.
(3) The following definitions in other articles apply to thisarticle:
"Check". Section 400.3-104.
"Consignee". Section 400.7-102.
"Consignor". Section 400.7-102.
"Consumer goods". Section 400.9-102.
"Dishonor". Section 400.3-502.
"Draft". Section 400.3-104.
(4) In addition article 1 contains general definitions and principlesof construction and interpretation applicable throughout this article.
(L. 1963 p. 503 § 2-103, A.L. 2001 S.B. 288) Effective 7-01-01
State Codes and Statutes
Statutes >
Missouri >
T26 >
C400 >
400_2-103 Definitions and index of definitions. 400.2-103. (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 andthe observance of reasonable commercial standards of fair dealing in thetrade.
(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 partsthereof, and the sections in which they appear are:
"Acceptance". Section 400.2-606.
"Banker's credit". Section 400.2-325.
"Between merchants". Section 400.2-104.
"Cancellation". Section 400.2-106(4).
"Commercial unit". Section 400.2-105.
"Confirmed credit". Section 400.2-325.
"Conforming to contract". Section 400.2-106.
"Contract for sale". Section 400.2-106.
"Cover". Section 400.2-712.
"Entrusting". Section 400.2-403.
"Financing agency". Section 400.2-104.
"Future goods". Section 400.2-105.
"Goods". Section 400.2-105.
"Identification". Section 400.2-501.
"Installment contract". Section 400.2-612.
"Letter of credit". Section 400.2-325.
"Lot". Section 400.2-105.
"Merchant". Section 400.2-104.
"Overseas". Section 400.2-323.
"Person in position of seller". Section 400.2-707.
"Present sale". Section 400.2-106.
"Sale". Section 400.2-106.
"Sale on approval". Section 400.2-326.
"Sale or return". Section 400.2-326.
"Termination". Section 400.2-106.
(3) The following definitions in other articles apply to thisarticle:
"Check". Section 400.3-104.
"Consignee". Section 400.7-102.
"Consignor". Section 400.7-102.
"Consumer goods". Section 400.9-102.
"Dishonor". Section 400.3-502.
"Draft". Section 400.3-104.
(4) In addition article 1 contains general definitions and principlesof construction and interpretation applicable throughout this article.
(L. 1963 p. 503 § 2-103, A.L. 2001 S.B. 288) Effective 7-01-01
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