Indiana Statutes
§ 26-1-2-103 — Definitions and index of definitions
(1)In IC 26-1-2, 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 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 IC 26-1-2, or to specified parts
thereof, and the sections in which they appear are:
"Acceptance". IC 26-1-2-606.
"Banker's credit". IC 26-1-2-325.
"Between merchants". IC 26-1-2-104.
"Cancellation". IC 26-1-2-106(4).
"Commercial unit". IC 26-1-2-105.
"Confirmed credit". IC 26-1-2-325.
"Conforming to contract". IC 26-1-2-106.
"Contract for sale". IC 26-1-2-106.
"Cover
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Related
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980 N.E.2d 390 (Indiana Court of Appeals, 2012)
Mac's Eggs, Inc. v. Rite-Way Agri Distributors, Inc.
656 F. Supp. 720 (N.D. Indiana, 1987)
First Nat. Bank, Martinsville v. Crone
301 N.E.2d 378 (Indiana Court of Appeals, 1973)
Stoehr v. Yost
765 N.E.2d 684 (Indiana Court of Appeals, 2002)
PSI Energy, Inc. v. Exxon Coal USA, Inc.
831 F. Supp. 1430 (S.D. Indiana, 1993)
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693 F. Supp. 747 (N.D. Indiana, 1988)
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
Severability