Va. Code § 8.2-103

Current with changes from the 2024 legislative session through ch. 845

Section 8.2-103 - Definitions and index of definitions

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

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

(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.

(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 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.

Va. Code § 8.2-103

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

Amended by Acts 2004, § c. 200.

Amended by Acts 2003, § c. 353.

Amended by Acts 2000, § c. 1007.

Amended by Acts 1964, § c. 219.