Wisconsin Statutes > Chapter 402 > Subchapter IV – Title, Creditors, and Good Faith Purchasers


§ 402.401	Passing of title; reservation for security; limited application of this section
§ 402.402	Rights of seller’s creditors against sold goods
§ 402.403	Power to transfer; good faith purchase of goods; “entrusting”

Buyer: means a person who buys or contracts to buy goods. See Wisconsin Statutes 402.103
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 Wisconsin Statutes 402.106
Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
Fraud: Intentional deception resulting in injury to another.
Lien: A claim against real or personal property in satisfaction of a debt.
Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
Property: includes real and personal property. See Wisconsin Statutes 990.01
Seller: means a person who sells or contracts to sell goods. See Wisconsin Statutes 402.103
State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01