N.C. Gen. Stat. § 25-2-103

Current through Session Law 2024-56

Section 25-2-103 - 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(b) Repealed by Session Laws 2006-112, s. 2, effective October 1, 2006.

(c) "Receipt" of goods means taking physical possession of them.

(d) "Seller" means a person who sells or contracts to sell goods. Any manufacturer of self-propelled motor vehicles, as defined in G.S. 20-4.01, is also a "seller" with respect to buyers of its product to whom it makes an express warranty, notwithstanding any lack of privity between them, for purposes of all rights and remedies available to buyers under this Article.

(2) Other definitions applying to this article or to specified parts thereof, and the sections in which they appear are:

"Acceptance." G.S. 25-2-606.

"Banker's credit." G.S. 25-2-325.

"Between merchants." G.S. 25-2-104.

"Cancellation." G.S. 25-2-106(4).

"Commercial unit." G.S. 25-2-105.

"Confirmed credit." G.S. 25-2-325.

"Conforming to contract." G.S. 25-2-106.

"Contract for sale." G.S. 25-2-106.

"Cover." G.S. 25-2-712.

"Entrusting." G.S. 25-2-403.

"Financing agency." G.S. 25-2-104.

"Future goods." G.S. 25-2-105.

"Goods." G.S. 25-2-105.

"Identification." G.S. 25-2-501.

"Installment contract." G.S. 25-2-612.

"Letter of credit." G.S. 25-2-325.

"Lot." G.S. 25-2-105.

"Merchant." G.S. 25-2-104.

"Overseas." G.S. 25-2-323.

"Person in position of seller." G.S. 25-2-707.

"Present sale." G.S. 25-2-106.

"Sale." G.S. 25-2-106.

"Sale on approval." G.S. 25-2-326.

"Sale or return." G.S. 25-2-326.

"Termination." G.S. 25-2-106.

(3) "Control" as provided in G.S. 25-7-106 and the following definitions in other Articles apply to this Article:

"Check" G.S. 25-3-104.

"Consignee" G.S. 25-7-102.

"Consignor" G.S. 25-7-102.

"Consumer Goods" G.S. 25-9-102.

"Dishonor" G.S. 25-3-502.

"Draft" G.S. 25-3-104.

(4) In addition article 1 contains general definitions and principles of construction and interpretation applicable throughout this article.

N.C. Gen. Stat. § 25-2-103

Amended by 2006 N.C. Sess. Laws 112,s. 27, eff. 10/1/2006.

Amended by 2006 N.C. Sess. Laws 112,s. 2, eff. 10/1/2006.

1965, c. 700, s. 1; 1983, c. 598; 2000-169, s. 8.