(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'. Section 4-2-606.'Banker's credit'. Section 4-2-325.'Between merchants'. Section 4-2-104.'Cancellation'. Section 4-2-106(4).'Commercial unit'. Section 4-2-105.'Confirmed credit'. Section 4-2-325.'Conforming to contract'. Section 4-2-106.'Contract for sale'. Section 4-2-106.'Cover'. Section 4-2-712.'Entrusting'. Section 4-2-403.'Financing agency'. Section 4-2-104.'Future goods'. Section 4-2-105.'Goods'. Section 4-2-105.'Identification'. Section 4-2-501.'Installment contract'. Section 4-2-612.'Letter of credit'. Section 4-2-325.'Lot'. Section 4-2-105.'Merchant'. Section 4-2-104.'Overseas'. Section 4-2-323.'Person in position of seller'. Section 4-2-707.'Present sale'. Section 4-2-106.'Sale'. Section 4-2-106.'Sale on approval'. Section 4-2-326.'Sale or return'. Section 4-2-326.'Termination'. on 4-2-323.'Person in position of seller'. Section 4-2-707.'Present sale'. Section 4-2-106.'Sale'. Section 4-2-106.'Sale on approval'. Section 4-2-326.'Sale or return'. Section 4-2-326.'Termination'. Section 4-2-106.(3) 'Control' as provided in § 4-7-106 and the following definitions in other chapters apply to this chapter: 'Check'. Section 4-3-104.'Consignee'. Section 4-7-102.'Consignor'. Section 4-7-102.'Consumer goods'. Section 4-9-102.'Dishonor'. Section 4-3-502.'Draft'. Section 4-3-104.(4) In addition, Chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter.Acts 1961, No. 185, § 2-103; A.S.A. 1947, § 85-2-103; 2001, No. 1439, § 4; 2005, No. 856, § 17; 2007, No. 342, § 8.
Arkansas Legal Code