Arkansas § 4-2-103 Definitions and index of definitions

Arkansas Statutes

§ 4-2-103 — Definitions and index of definitions

Arkansas § 4-2-103

Title4

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Bluebook

Ark. Code Ann. § 4-2-103 (2026).

Text

(1)In this chapter unless the context otherwise requires:

(a)"Buyer" means a person who buys or contracts to buy goods.

(b)[Reserved.]

(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 chapter or to specified parts thereof, and the sections in which they appear are: "Acceptance". Section 4-2-606 . "Banker's credit". Section 4-2-325 . "Between merchants". Section 4-2-104 . "Cancellation". Section 4-2-106(4) . "Commercial unit". Section 4-2-105 . "Confirmed credit". Section 4-2-325 . "Conforming to contract". Section 4-2-106 . "Contract for sale". Section 4-2-106 . "Cover". Section 4-2-712 . "Entrusting". Section 4-2-403 . "Financing agency". Section 4-2-104 . "Future go

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(1) In this chapter unless the context otherwise requires: (a) "Buyer" means a person who buys or contracts to buy goods. (b) [Reserved.] (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 chapter or to specified parts thereof, and the sections in which they appear are: "Acceptance". Section 4-2-606 . "Banker's credit". Section 4-2-325 . "Between merchants". Section 4-2-104 . "Cancellation". Section 4-2-106(4) . "Commercial unit". Section 4-2-105 . "Confirmed credit". Section 4-2-325 . "Conforming to contract". Section 4-2-106 . "Contract for sale". Section 4-2-106 . "Cover". Section 4-2-712 . "Entrusting". Section 4-2-403 . "Financing agency". Section 4-2-104 . "Future goods". Section 4-2-105 . "Goods". Section 4-2-105 . "Identification". Section 4-2-501 . "Installment contract". Section 4-2-612 . "Letter of credit". Section 4-2-325 . "Lot". Section 4-2-105 . "Merchant". Section 4-2-104 . "Overseas". Section 4-2-323 . "Person in position of seller". Section 4-2-707 . "Present sale". Section 4-2-106 . "Sale". Section 4-2-106 . "Sale on approval". Section 4-2-326 . "Sale or return". Section 4-2-326 . "Termination". Section 4-2-106 . (3) "Control" as provided in § 4-7-106 and the following definitions in other chapters apply to this chapter: "Check". Section 4-3-104 . "Consignee". Section 4-7-102 . "Consignor". Section 4-7-102 . "Consumer goods". Section 4-9-102 . "Dishonor". Section 4-3-502 . "Draft". Section 4-3-104 . (4) In addition, Chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter.