§ 8.2-103

Definitions and index of definitions

(1. In this title unless the context otherwise requires:

(a. means a person who buys or contracts to buy goods.

(b. in the case of a merchant means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.

(c. of goods means taking physical possession of them.

(d. means a person who sells or contracts to sell goods.

(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.


1964, c. 219; 2000, c. 1007; 2003, c. 353; 2004, c. 200.


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