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Georgia State Code
Title      11
Chapter       2  
Section Navigation      101 ... 203       204 ... 303   
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   324 ... 502       503 ... 512   
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Section101 102 103 104 105 106 107 201 202 203 >>>  
Title 11, Chapter 2, Section 103 (11-2-103)
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 Code sections in which they appear are:

"Acceptance." Code Section 11-2-606.

"Banker's credit." Code Section 11-2-325.

"Between merchants." Code Section 11-2-104.

"Cancellation." Code Section 11-2-106(4).

"Commercial unit." Code Section 11-2-105.

"Confirmed credit." Code Section 11-2-325.

"Conforming to contract." Code Section 11-2-106.

"Contract for sale." Code Section 11-2-106.

"Cover." Code Section 11-2-712.

"Entrusting." Code Section 11-2-403.

"Financing agency." Code Section 11-2-104.

"Future goods." Code Section 11-2-105.

"Goods." Code Section 11-2-105.

"Identification." Code Section 11-2-501.

"Installment contract." Code Section 11-2-612.

"Letter of credit." Code Section 11-2-325.

"Lot." Code Section 11-2-105.

"Merchant." Code Section 11-2-104.

"Overseas." Code Section 11-2-323.

"Person in position of seller." Code Section 11-2-707.

"Present sale." Code Section 11-2-106.

"Sale." Code Section 11-2-106. "Sale on approval." Code Section 11-2-326.

"Sale or return." Code Section 11-2-326.

"Termination." Code Section 11-2-106.

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

"Check." Code Section 11-3-104.

"Consignee." Code Section 11-7-102.

"Consignor." Code Section 11-7-102.

"Consumer goods." Code Section 11-9-102.

"Dishonor." Code Section 11-3-502.

"Draft." Code Section 11-3-104.

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

Saturday May 23 15:44 EDT


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