Idaho Code § 28-2-103

Current through the 2024 Regular Session

Section 28-2-103 - DEFINITIONS AND INDEX OF DEFINITIONS

(1) In this chapter 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 chapter or to specified parts thereof, and the sections in which they appear are:

"Acceptance." Section 28-2-606.

"Banker's credit." Section 28-2-325.

"Between merchants." Section 28-2-104.

"Cancellation." Section 28-2-106.

"Commercial unit." Section 28-2-105.

"Confirmed credit." Section 28-2-325.

"Conforming to contract." Section 28-2-106.

"Contract for sale." Section 28-2-106.

"Cover." Section 28-2-712.

"Entrusting." Section 28-2-403.

"Financing agency." Section 28-2-104.

"Future goods." Section 28-2-105.

"Goods." Section 28-2-105.

"Identification." Section 28-2-501.

"Installment contract." Section 28-2-612.

"Letter of credit." Section 28-2-325.

"Lot." Section 28-2-105.

"Merchant." Section 28-2-104.

"Overseas." Section 28-2-323.

"Person in position of seller." Section 28-2-707.

"Present sale." Section 28-2-106.

"Sale." Section 28-2-106.

"Sale on approval." Section 28-2-326.

"Sale or return." Section 28-2-326.

"Termination." Section 28-2-106.

(3) "Control" as provided in section 28-7-106 and the following definitions in other chapters apply to this chapter:

"Check." Section 28-3-104.

"Consignee." Section 28-7-102.

"Consignor." Section 28-7-102.

"Consumer goods." Section 28-9-102.

"Dishonor." Section 28-3-502.

"Draft." Section 28-3-104.

(4) In addition, chapter 1, title 28, Idaho Code, contains general definitions and principles of construction and interpretation applicable throughout this chapter.

Idaho Code § 28-2-103

[28-2-103, added 1967, ch. 161, sec. 2-103, p. 351; am. 2001, ch. 208, sec. 5, p. 806; am. 2004 , ch. 42, sec. 4 , p. 103.]