Montana Statutes
§ 30-2-103 — Definitions And Index Of Definitions
Montana·Title 30 TRADE AND COMMERCE·Ch. 2 UNIFORM COMMERCIAL CODE SALES·Part 1 Short Title, General Construction, and Subject Matter
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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Legislative History
En. Sec. 2-103, Ch. 264, L. 1963; R.C.M. 1947, 87A-2-103; amd. Sec. 4, Ch. 410, L. 1991; amd. Sec. 132, Ch. 305, L. 1999.
Nearby Sections
15
§ 30-2-101
Short Title§ 30-2-103
Definitions And Index Of Definitions§ 30-2-201
Formal Requirements -- Statute Of Frauds§ 30-2-203
Seals Inoperative§ 30-2-204
Formation In General§ 30-2-205
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