(1) |
In this chapter unless the context otherwise requires:
Terms Used In Utah Code 70A-2-103- Contract: A legal written agreement that becomes binding when signed.
- Person: means :Utah Code 68-3-12.5
- Seller: means a person who sells or contracts to sell goods. See Utah Code 70A-2-103
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
(a) |
“Buyer” means a person who buys or contracts to buy goods. |
(b) |
“Good faith” in the case of a merchant means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade. |
(c) |
“Receipt” of goods means taking physical possession of them. |
(d) |
“Seller” means a person who sells or contracts to sell goods. |
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(2) |
Other definitions applying to this chapter or to specified parts thereof, and the sections in which they appear are:
(g) |
“Conforming to contract.” Section 70A-2-106. |
(o) |
“Installment contract.” Section 70A-2-612. |
(t) |
“Person in position of seller.” Section 70A-2-707. |
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(3) |
“Control” as provided in Section 70A-7a-106, and the following definitions in other chapters apply to this chapter:
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Amended by Chapter 272, 2007 General Session