(1) In this title unless the context otherwise requires:\n(a) 'Buyer' means a person who buys or contracts to buy goods.\n(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.\n(c) 'Receipt' of goods means taking physical possession of them.\n(d) 'Seller' means a person who sells or contracts to sell goods.\n(2) Other definitions applying to this title or to specified parts thereof, and the sections in which they appear are:\n'Acceptance.'§ 8.2-606.\n'Banker's credit.'§ 8.2-325.\n'Between merchants.'§ 8.2-104.\n'Cancellation.'§ 8.2-106 (4).\n'Commercial unit.'§ 8.2-105.\n'Confirmed credit.'§ 8.2-325.\n'Conforming to contract.'§ 8.2-106.\n'Contract for sale.'§ 8.2-106.\n'Cover.'§ 8.2-712.\n'Entrusting.'§ 8.2-403.\n'Financing agency.'§ 8.2-104.\n'Future goods.'§ 8.2-105.\n'Goods.'§ 8.2-105.\n'Identification.'§ 8.2-501.\n'Installment contract.'§ 8.2-612.\n'Letter of credit.'§ 8.2-325.\n'Lot.'§ 8.2-105.\n'Merchant.'§ 8.2-104.\n'Overseas.'§ 8.2-323.\n'Person in position of seller.'§ 8.2-707.\n'Present sale.'§ 8.2-106.\n'Sale.'§ 8.2-106.\n'Sale on approval.'§ 8.2-326.\n'Sale or return.'§ t.'§ 8.2-105.\n'Merchant.'§ 8.2-104.\n'Overseas.'§ 8.2-323.\n'Person in position of seller.'§ 8.2-707.\n'Present sale.'§ 8.2-106.\n'Sale.'§ 8.2-106.\n'Sale on approval.'§ 8.2-326.\n'Sale or return.'§ 8.2-326.\n'Termination.'§ 8.2-106.\n(3) The following definitions in other titles apply to this title:\n'Check.'§ 8.3A-104.\n'Consignee.'§ 8.7-102.\n'Consignor.'§ 8.7-102.\n'Consumer goods.'§ 8.9A-102.\n'Control.'§ 8.7-106.\n'Dishonor.'§ 8.3A-502.\n'Draft.'§ 8.3A-104.\n(4) In addition Title 8.1A contains general definitions and principles of construction and interpretation applicable throughout this title.\n1964, c. 219; 2000, c. 1007; 2003, c. 353; 2004, c. 200.
Virginia Legal Code