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) [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 article or to specified parts thereof, and the sections in which they appear are: 'Acceptance'. Section 2-606.'Banker’s credit'. Section 2-325.'Between merchants'. Section 2-104.'Cancellation'. Section 2-106(4).'Commercial unit'. Section 2-105.'Confirmed credit'. Section 2-325.'Conforming to contract'. Section 2-106.'Contract for sale'. Section 2-106.'Cover'. Section 2-712.'Entrusting'. Section 2-403.'Financing agency'. Section 2-104.'Future goods'. Section 2-105.'Goods'. Section 2-105.'Identification'. Section 2-501.'Installment contract'. Section 2-612.'Letter of Credit'. Section 2-325.'Lot'. Section 2-105.'Merchant'. Section 2-104.'Overseas'. Section 2-323.'Person in position of seller'. Section 2-707.'Present sale'. Section 2-106.'Sale'. Section 2-106.'Sale on approval'. Section 2-326.'Sale or return'. Section 2-326.'Termination'. seas'. Section 2-323.'Person in position of seller'. Section 2-707.'Present sale'. Section 2-106.'Sale'. Section 2-106.'Sale on approval'. Section 2-326.'Sale or return'. Section 2-326.'Termination'. Section 2-106.(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.'Consignee'. Section 7-102.'Consignor'. Section 7-102.'Consumer goods'. Section 9-102.'Dishonor'. Section 3-502.'Draft'. Section 3-104.(4) In addition Article 1 contains general definitions and principles of construction and interpretation applicable throughout this article. (Amended 1999, No. 106 (Adj. Sess.), § 5, eff. July 1, 2001; 2007, No. 99 (Adj. Sess.), § 3; 2015, No. 51, § B.5, eff. June 3, 2015.)
Vermont Legal Code