(b. in the case of a merchant means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.
(2. Other definitions applying to this title or to specified parts thereof, and the sections in which they appear are:”Acceptance.”§ 8.2-606.”Banker’s credit.”§ 8.2-325.”Between merchants.”§ 8.2-104.”Cancellation.”§ 8.2-106 (4).”Commercial unit.”§ 8.2-105.”Confirmed credit.”§ 8.2-325.”Conforming to contract.”§ 8.2-106.”Contract for sale.”§ 8.2-106.”Cover.”§ 8.2-712.”Entrusting.”§ 8.2-403.”Financing agency.”§ 8.2-104.”Future goods.”§ 8.2-105.”Goods.”§ 8.2-105.”Identification.”§ 8.2-501.”Installment contract.”§ 8.2-612.”Letter of credit.”§ 8.2-325.”Lot.”§ 8.2-105.”Merchant.”§ 8.2-104.”Overseas.”§ 8.2-323.”Person in position of seller.”§ 8.2-707.”Present sale.”§ 8.2-106.”Sale.”§ 8.2-106.”Sale on approval.”§ 8.2-326.”Sale or return.”§ 8.2-326.”Termination.”§ 8.2-106.
(3. The following definitions in other titles apply to this title:”Check.”§ 8.3A-104.”Consignee.”§ 8.7-102.”Consignor.”§ 8.7-102.”Consumer goods.”§ 8.9A-102.”Control.”§ 8.7-106.”Dishonor.”§ 8.3A-502.”Draft.”§ 8.3A-104.
(4. In addition Title 8.1A contains general definitions and principles of construction and interpretation applicable throughout this title.
History
1964, c. 219; 2000, c. 1007; 2003, c. 353; 2004, c. 200.
