Definitions and Index of Definitions. (1) In this article unless the context otherwise requires:(a)'Buyer' means a person who buys or contracts to buy goods.(b)'Receipt' of goods means taking physical possession of them.(c)'Seller' means a person who sells or contracts to sell goods.(2) Other definitions applying to this article or to specified parts thereof, and the sections in which they appear are:'Acceptance'. Section 2-606 of this title.'Banker's credit'. Section 2-325 of this title.'Between merchants'. Section 2-104 of this title.'Cancellation'. Section 2-106(4) of this title.'Commercial unit'. Section 2-105 of this title.'Confirmed credit'. Section 2-325 of this title.'Conforming to contract'. Section 2-106 of this title.'Contract for sale'. Section 2-106 of this title.'Cover'. Section 2-712 of this title.'Entrusting'. Section 2-403 of this title.'Financing agency'. Section 2-104 of this title.'Future goods'. Section 2-105 of this title.'Goods'. Section 2-105 of this title.'Identification'. Section 2-501 of this title.'Installment contract'. Section 2-612 of this title.'Letter of credit'. Section 2-325 of this title.'Lot'. Section 2-105 of this title.'Merchant'. title.'Identification'. Section 2-501 of this title.'Installment contract'. Section 2-612 of this title.'Letter of credit'. Section 2-325 of this title.'Lot'. Section 2-105 of this title.'Merchant'. Section 2-104 of this title.'Overseas'. Section 2-323 of this title.'Person in position of seller'. Section 2-707 of this title.'Present sale'. Section 2-106 of this title.'Sale'. Section 2-106 of this title.'Sale on approval'. Section 2-326 of this title.'Sale or return'. Section 2-326 of this title.'Termination'. Section 2-106 of this title.(3) 'Control' as provided in Section 7-106 of this title and the following definitions in other articles apply to this article:'Check'. Section 3-104 of this title.'Consignee'. Section 7-102 of this title.'Consignor'. Section 7-102 of this title.'Consumer goods'. Section 1-9-102 of this title.'Dishonor'. Section 3-502 of this title.'Draft'. Section 3-104 of this title.(4) In addition, Article 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this article.Added by Laws 1961, p. 74, § 2-103. Amended by Laws 1994, c. 46, § 2, eff. Sept. 1, 1994; Laws 2000, c. 371, § 148, eff. inciples of construction and interpretation applicable throughout this article.Added by Laws 1961, p. 74, § 2-103. Amended by Laws 1994, c. 46, § 2, eff. Sept. 1, 1994; Laws 2000, c. 371, § 148, eff. July 1, 2001; Laws 2005, c. 140, § 42, eff. Jan. 1, 2006; Laws 2005, c. 473, § 1, emerg. eff. June 9, 2005.NOTE: Laws 2005, c. 139, § 24 repealed by Laws 2005, c. 473, § 3, emerg. eff. June 9, 2005.
Oklahoma Legal Code