Oklahoma § 12A-2-103 Definitions and Index of Definitions.

Oklahoma Statutes

§ 12A-2-103 — Definitions and Index of Definitions.

Oklahoma·Title 12A Uniform Commercial Code

Definitions and Index of Definitions.

(1)In this article unless the context otherwise requires:

(a)“Buyer” means a person who buys or contracts to buy goods.

(b)“Receipt” of goods means taking physical possession of them.

(c)“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”. Section 2-606 of this title. “Banker's credit”. Section 2-325 of this title. “Between merchants”. Section 2-104 of this title. “Cancellation”. Section 2-106(4) of this title. “Commercial unit”. Section 2-105 of this title. “Confirmed credit”. Section 2-325 of this title. “Conforming to contract”. Section 2-106 of this title. “Contract for sale”. Section 2-106 of this titl

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Definitions and Index of Definitions. (1) In this article unless the context otherwise requires: (a) “Buyer” means a person who buys or contracts to buy goods. (b) “Receipt” of goods means taking physical possession of them. (c) “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”. Section 2-606 of this title. “Banker's credit”. Section 2-325 of this title. “Between merchants”. Section 2-104 of this title. “Cancellation”. Section 2-106(4) of this title. “Commercial unit”. Section 2-105 of this title. “Confirmed credit”. Section 2-325 of this title. “Conforming to contract”. Section 2-106 of this title. “Contract for sale”. Section 2-106 of this title. “Cover”. Section 2-712 of this title. “Entrusting”. Section 2-403 of this title. “Financing agency”. Section 2-104 of this title. “Future goods”. Section 2-105 of this title. “Goods”. Section 2-105 of this title. “Identification”. Section 2-501 of this title. “Installment contract”. Section 2-612 of this title. “Letter of credit”. Section 2-325 of this title. “Lot”. Section 2-105 of this title. “Merchant”. Section 2-104 of this title. “Overseas”. Section 2-323 of this title. “Person in position of seller”. Section 2-707 of this title. “Present sale”. Section 2-106 of this title. “Sale”. Section 2-106 of this title. “Sale on approval”. Section 2-326 of this title. “Sale or return”. Section 2-326 of this title. “Termination”. Section 2-106 of this title. (3) “Control” as provided in Section 7-106 of this title and the following definitions in other articles apply to this article: “Check”. Section 3-104 of this title. “Consignee”. Section 7-102 of this title. “Consignor”. Section 7-102 of this title. “Consumer goods”. Section 1-9-102 of this title. “Dishonor”. Section 3-502 of this title. “Draft”. Section 3-104 of this title. (4) In addition, Article 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this article.

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Legislative History

Added by Laws 1961, p. 74, § 2-103. Amended by Laws 1994, c. 46, § 2, eff. Sept. 1, 1994; Laws 2000, c. 371, § 148, eff. July 1, 2001; Laws 2005, c. 140, § 42, eff. Jan. 1, 2006; Laws 2005, c. 473, § 1, emerg. eff. June 9, 2005. NOTE: Laws 2005, c. 139, § 24 repealed by Laws 2005, c. 473, § 3, emerg. eff. June 9, 2005.