Haw. Rev. Stat. § 490:2-103

Current through the 2024 Legislative Session

Section 490:2-103 - 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) "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 article or to specified parts thereof, and the sections in which they appear are:

"Acceptance". Section 490:2-606.

"Banker's credit". Section 490:2-325.

"Between merchants". Section 490:2-104.

"Cancellation". Section 490:2-106(4).

"Commercial unit". Section 490:2-105.

"Confirmed credit". Section 490:2-325.

"Conforming to contract". Section 490:2-106.

"Contract for sale". Section 490:2-106.

"Cover". Section 490:2-712.

"Entrusting". Section 490:2-403.

"Financing agency". Section 490:2-104.

"Future goods". Section 490:2-105.

"Goods". Section 490:2-105.

"Identification". Section 490:2-501.

"Installment contract". Section 490:2-612.

"Letter of credit". Section 490:2-325.

"Lot". Section 490:2-105.

"Merchant". Section 490:2-104.

"Overseas". Section 490:2-323.

"Person in position of seller". Section 490:2-707.

"Present sale". Section 490:2-106.

"Sale". Section 490:2-106.

"Sale on approval". Section 490:2-326.

"Sale or return". Section 490:2-326.

"Termination". Section 490:2-106.

(3) The following definitions in other articles apply to this article:

"Check". Section 490:3-104.

"Consignee". Section 490:7-102.

"Consignor". Section 490:7-102.

"Consumer goods". Section 490:9-102.

"Control". Section 490:7-106.

"Dishonor". Section 490:3-502.

"Draft". Section 490:3-104.

(4) In addition article 1 contains general definitions and principles of construction and interpretation applicable throughout this article.

HRS § 490:2-103

L 1965, c 208, § 2-103; HRS § 490:2-103; am L 1997, c 32, §3; am L 2000, c 241, §11; am L 2004, c 163, §4 .