Okla. Stat. tit. 12A § 2-103

Current through Laws 2024, c. 378.

Section 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) "Receipt" of goods means taking physical possession of them.

(c) "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 2-606 of this title.

"Banker's credit". Section 2-325 of this title.

"Between merchants". Section 2-104 of this title.

"Cancellation". Section 2-106(4) of this title.

"Commercial unit". Section 2-105 of this title.

"Confirmed credit". Section 2-325 of this title.

"Conforming to contract". Section 2-106 of this title.

"Contract for sale". Section 2-106 of this title.

"Cover". Section 2-712 of this title.

"Entrusting". Section 2-403 of this title.

"Financing agency". Section 2-104 of this title.

"Future goods". Section 2-105 of this title.

"Goods". Section 2-105 of this title.

"Identification". Section 2-501 of this title.

"Installment contract". Section 2-612 of this title.

"Letter of credit". Section 2-325 of this title.

"Lot". Section 2-105 of this title.

"Merchant". Section 2-104 of this title.

"Overseas". Section 2-323 of this title.

"Person in position of seller". Section 2-707 of this title.

"Present sale". Section 2-106 of this title.

"Sale". Section 2-106 of this title.

"Sale on approval". Section 2-326 of this title.

"Sale or return". Section 2-326 of this title.

"Termination". Section 2-106 of this title.

(3) "Control" as provided in Section 7-106 of this title and the following definitions in other articles apply to this article:

"Check". Section 3-104 of this title.

"Consignee". Section 7-102 of this title.

"Consignor". Section 7-102 of this title.

"Consumer goods". Section 1-9-102 of this title.

"Dishonor". Section 3-502 of this title.

"Draft". Section 3-104 of this title.

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

Okla. Stat. tit. 12A, § 2-103

Laws 1961, SB 36, p. 74, § 2-103; Amended by Laws 1994, c. 46, § 2, eff. 9/1/1994; Amended by Laws 2000, SB 1519, c. 371, §148, eff. 7/1/2001; Amended by Laws 2005, HB 2028, c. 139, §24, eff. 1/1/2006 (repealed by Laws 2005, SB 692, c. 473, §1, emerg. eff. 6/9/2005); Amended by Laws 2005, HB 2035, c. 140, §42, eff. 1/1/2006; Amended by Laws 2005, SB 692, c. 473, §4, emerg. eff. 6/9/2005;.

Oklahoma Code Comment

(1)(a) Oklahoma has had no previous statutory definition. The Oklahoma Game and Fish Act at 29 Okl.St.Ann. § 102 does contain a definition of the word "buy."

(b) Oklahoma has a general definition of "good faith" at 25 Okl.St.Ann. § 9. See also decisions cited there.

(c) Oklahoma has had no previous comparable statutory definition.

(d) Oklahoma has had no previous statutory definition.