§ 2-401 Passing of Title; Reservation for Security; Limited Application of This Section
§ 2-402 Rights of Seller’s Creditors Against Sold Goods
§ 2-403 Power to Transfer; Good Faith Purchase of Goods; “Entrusting”

Terms Used In New York Laws > Uniform Commercial Code > Article 2 > Part 4 - Title, Creditors and Good Faith Purchasers

  • Buyer: means a person who buys or contracts to buy goods. See N.Y. Uniform Commercial Code 2-103
  • contract: as used in this article also shall include reconstruction and repair of any such public work, and any public work performed under a lease, permit or other agreement pursuant to which the department of jurisdiction grants the responsibility of contracting for such public work to any third party proposing to perform such work to which the provisions of this article would apply had the department of jurisdiction contracted directly for its performance, or where there is no lease, permit or other agreement and ownership of a public work is

    intended to be assumed by such public entity at any time subsequent to completion of the public work. See N.Y. Labor Law 220

  • Contract: A legal written agreement that becomes binding when signed.
  • Contract for sale: includes both a present sale of goods and a contract to sell goods at a future time. See N.Y. Uniform Commercial Code 2-106
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fraud: Intentional deception resulting in injury to another.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Oath: A promise to tell the truth.
  • Person: shall mean a human being and shall also include an "entity" as defined in this article, including, but not limited to, a contractor or subcontractor. See N.Y. Labor Law 220
  • Seller: means a person who sells or contracts to sell goods. See N.Y. Uniform Commercial Code 2-103