Current through 2024 Legislative Session
Section 41-02-03 - (2-103) Definitions and index of definitions1. In this chapter, unless the context otherwise requires:a. "Buyer" means a person who buys or contracts to buy goods.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: a. "Acceptance". Section 41-02-69.b. "Banker's credit". Section 41-02-42.c. "Between merchants". Section 41-02-04.d. "Cancellation". Subsection 2 of section 41-02-06.e. "Commercial unit". Section 41-02-05.f. "Confirmed credit". Section 41-02-42.g. "Conforming to contract". Section 41-02-06.h. "Contract for sale". Section 41-02-06.i. "Cover". Section 41-02-91.j. "Entrusting". Section 41-02-48.k. "Financing agency". Section 41-02-04.l. "Future goods". Section 41-02-05.m. "Goods". Section 41-02-05.n. "Identification". Section 41-02-49.o. "Installment contract". Section 41-02-75.p. "Letter of credit". Section 41-02-42.q. "Lot". Section 41-02-05.r. "Merchant". Section 41-02-04.s. "Overseas". Section 41-02-40.t. "Person in position of seller". Section 41-02-86.u. "Present sale". Section 41-02-06.v. "Sale". Section 41-02-06.w. "Sale on approval". Section 41-02-43.x. "Sale or return". Section 41-02-43.y. "Termination". Section 41-02-06.3. "Control" as provided under section 41-07-06 and the following definitions in other chapters apply to this chapter:a. "Check". Section 41-03-04.b. "Consignee". Section 41-07-02.c. "Consignor". Section 41-07-02.d. "Consumer goods". Section 41-09-02.e. "Dishonor". Section 41-03-59.f. "Draft". Section 41-03-04.4. In addition, chapter 41-01 contains general definitions and principles of construction and interpretation applicable throughout this chapter.