Montana § 30-2-103 Definitions And Index Of Definitions

Montana Statutes

§ 30-2-103 — Definitions And Index Of Definitions

Montana § 30-2-103

Title 30TRADE AND COMMERCE

Ch. 2UNIFORM COMMERCIAL CODE SALES

Part 1Short Title, General Construction, and Subject Matter

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Bluebook

Mont. Code Ann. § 30-2-103 (2026).

Text

30-2-103 . Definitions and index of definitions.

(1)In this chapter, unless the context otherwise requires, the following definitions apply:

(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 the 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 this chapter or to specified parts thereof and the sections in which they appear are: "Acceptance". 30-2-606 . "Banker's credit". 30-2-325 . "Between merchants". 30-2-104 . "Cancellation". 30-2-106 (4). "Commercial unit". 30-2-105 . "Confirmed credit". 30-2-325 . "Conforming to

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30-2-103 . Definitions and index of definitions. (1) In this chapter, unless the context otherwise requires, the following definitions apply:
(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 the 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 this chapter or to specified parts thereof and the sections in which they appear are:
"Acceptance". 30-2-606 .
"Banker's credit". 30-2-325 .
"Between merchants". 30-2-104 .
"Cancellation". 30-2-106 (4).
"Commercial unit". 30-2-105 .
"Confirmed credit". 30-2-325 .
"Conforming to contract". 30-2-106 .
"Contract for sale". 30-2-106 .
"Cover". 30-2-712 .
"Entrusting". 30-2-403 .
"Financing agency". 30-2-104 .
"Future goods". 30-2-105 .
"Goods". 30-2-105 .
"Identification". 30-2-501 .
"Installment contract". 30-2-612 .
"Letter of credit". 30-2-325 .
"Lot". 30-2-105 .
"Merchant". 30-2-104 .
"Overseas". 30-2-323 .
"Person in position of seller". 30-2-707 .
"Present sale". 30-2-106 .
"Sale". 30-2-106 .
"Sale on approval". 30-2-326 .
"Sale or return". 30-2-326 .
"Termination". 30-2-106 .
(3) The following definitions in other chapters apply to this chapter:
"Check". 30-3-104 .
"Consignee". 30-7-102 .
"Consignor". 30-7-102 .
"Consumer goods". 30-9A-102 .
"Dishonor". 30-3-512 .
"Draft". 30-3-104 .
(4) In addition, chapter 1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.