§ 336.2-103 — 336.2-103 DEFINITIONS AND INDEX OF DEFINITIONS.

Minnesota § 336.2-103

• Jurisdiction: Minnesota
• Part: TRADE REGULATIONS, CONSUMER PROTECTION
• Ch. 336: UNIFORM COMMERCIAL CODE

Text

(1) In this article 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 article or to specified parts thereof, and the sections in which they appear are:
"Acceptance," section336.2-606.
"Banker's credit," section336.2-325.
"Between merchants," section336.2-104.
"Cancellation," section336.2-106(4).
"Commercial unit," section336.2-105.
"Confirmed credit," section336.2-325.
"Conforming to contract," section336.2-106.
"Contract for sale," section336.2-106.
"Cover," section336.2-712.
"Entrusting," section336.2-403.
"Financing agency," section336.2-104.
"Future goods," section336.2-105.
"Goods," section336.2-105.
"Identification," section336.2-501.
"Installment contract," section336.2-612.
"Letter of credit," section336.2-325.
"Lot," section336.2-105.
"Merchant," section336.2-104.
"Overseas," section336.2-323.
"Person in position of seller," section336.2-707.
"Present sale," section336.2-106.
"Sale," section336.2-106.
"Sale on approval," section336.2-326.
"Sale or return," section336.2-326.
"Termination," section336.2-106.
(3) "Control" as provided in section336.7-106and the following definitions in other articles apply to this article:
"Check," section336.3-104.
"Consignee," section336.7-102.
"Consignor," section336.7-102.
"Consumer goods," section336.9-102.
"Dishonor," section336.3-502.
"Draft," section336.3-104.
(4) In addition article 1 contains general definitions and principles of construction and interpretation applicable throughout this article.

Legislative History

1965 c 811 s 336.2-103;1992 c 565 s 113;2000 c 399 art 2 s 3;2004 c 162 art 2 s 1; art 5 s 1