§ 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.)