State Codes and Statutes
Statutes > Rhode-island > Title-6a > Chapter-6a-2 > 6a-2-106SECTION 6A-2-106
§ 6A-2-106 Definitions – "Contract"– "Agreement" – "Contract for sale" – "Sale" – "Presentsale" – "Conforming" to contract – "Termination" –"Cancellation". – (1) In this chapter unless the context otherwise requires "contract" and"agreement" are limited to those relating to the present or future sale ofgoods. "Contract for sale" includes both a present sale of goods and a contractto sell goods at a future time. A "sale" consists in the passing of title fromthe seller to the buyer for a price (§ 6A-2-401). A "present sale" means asale which is accomplished by the making of the contract.
(2) Goods or conduct including any part of a performance are"conforming" or conform to the contract when they are in accordance with theobligations under the contract.
(3) "Termination" occurs when either party pursuant to apower created by agreement or law puts an end to the contract otherwise thanfor its breach. On "termination" all obligations which are still executory onboth sides are discharged but any right based on prior breach or performancesurvives.
(4) "Cancellation" occurs when either party puts an end tothe contract for breach by the other and its effect is the same as that of"termination" except that the cancelling party also retains any remedy forbreach of the whole contract or any unperformed balance.
