S.D. Codified Laws § 57A-2-103

Current through the 2024 Legislative Session

Section 57A-2-103 - Definitions and index of definitions

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

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

(b) (Reserved.)

(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." § 57A-2-606.

"Banker's credit." § 57A-2-325.

"Between merchants." § 57A-2-104.

"Cancellation." § 57A-2-106(4).

"Commercial unit." § 57A-2-105.

"Confirmed credit." § 57A-2-325.

"Conforming to contract." § 57A-2-106.

"Contract for sale." § 57A-2-106.

"Cover." § 57A-2-712.

"Entrusting." § 57A-2-403.

"Financing agency." § 57A-2-104.

"Future goods." § 57A-2-105.

"Goods." § 57A-2-105.

"Identification." § 57A-2-501.

"Installment contract." § 57A-2-612.

"Letter of credit." § 57A-2-325.

"Lot." § 57A-2-105.

"Merchant." § 57A-2-104.

"Overseas." § 57A-2-323.

"Person in position of seller." § 57A-2-707.

"Present sale." § 57A-2-106.

"Sale." § 57A-2-106.

"Sale on approval." § 57A-2-326.

"Sale or return." § 57A-2-326.

"Termination." § 57A-2-106.

(3) The following definitions in other chapters apply to this chapter:

"Check." § 57A-3-104.

"Consignee." § 57A-7-102.

"Consignor." § 57A-7-102.

"Consumer goods." § 57A-9-102.

"Control." § 57A-7-106.

"Dishonor." § 57A-3-502.

"Draft. " § 57A-3-104.

(4) In addition chapter 57A-1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.

SDCL 57A-2-103

SL 1966, ch 150, § 2-103; SDCL §§ 57-2-3 to 57-2-6; SL 2000, ch 231, §3; SL 2008, ch 259, §25; SL 2009, ch 254, §806.