Home/Indiana/Statutes/Title 26: COMMERCIAL LAW/Art. 1: UNIFORM COMMERCIAL CODE/Ch. 2: Sales/§ 26-1-2-103
Indiana Statutes

§ 26-1-2-103 — Definitions and index of definitions

Indiana § 26-1-2-103
JurisdictionIndiana
Title 26COMMERCIAL LAW
Art. 1UNIFORM COMMERCIAL CODE
Ch. 2Sales

This text of Indiana § 26-1-2-103 (Definitions and index of definitions) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 26-1-2-103 (2026).

Text

(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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Nearby Sections

15
§ 26-1-1-0.2
Transactions entered into after July 1, 1964, and before January 1, 1986; status of certain perfected security interests
§ 26-1-1-0.3
Certain security interests considered perfected
§ 26-1-1-0.4
Status of certain financing statements and continuation statements; effectiveness of certain financing statements; requirement for new financing statements; status of records of certain real estate mortgages
§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection; filing of financing statements
§ 26-1-1-0.6
Application of article to certain questions of priority; exceptions
§ 26-1-1-101
Short title; application
§ 26-1-1-102
Purposes; rules of construction; variation by agreement
§ 26-1-1-103
Supplementary general principles of law applicable
§ 26-1-1-104
Construction against implicit repeal
§ 26-1-1-105
Repealed
§ 26-1-1-106
Remedies to be liberally administered
§ 26-1-1-107
Waiver or renunciation of claim or right after breach
§ 26-1-1-108
Severability
§ 26-1-1-108.1
Powers of secretary of state; filing; acceptance of payment for fees
§ 26-1-1-108.2
Effect on Electronic Signatures in Global and National Commerce Act
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Bluebook (online)
Indiana § 26-1-2-103, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-2-103.