(a) In this chapter, unless the context otherwise requires,

1. (1) “buyer” means a person who buys or contracts to buy goods;
2. (2) [Repealed, § 113 ch 44 SLA 2009.]
3. (3) “receipt” of goods means taking physical possession of them;
4. (4) “seller” means a person who sells or contracts to sell goods.

(b) Other definitions applying to this chapter and the sections in which they appear are

1. (1) “acceptance” (AS 45.02.606);
2. (2) “banker's credit” (AS 45.02.325);
3. (3) “between merchants” (AS 45.02.104);
4. (4) “cancellation” (AS 45.02.106(d));
5. (5) “commercial unit” (AS 45.02.105);
6. (6) “confirmed credit” (AS 45.02.325);
7. (7) “conforming to contract” (AS 45.02.106);
8. (8) “contract for sale” (AS 45.02.106);
9. (9) “cover” (AS 45.02.712);
10. (10) “entrusting” (AS 45.02.403);
11. (11) “financing agency” (AS 45.02.104);
12. (12) “future goods” (AS 45.02.105);
13. (13) “goods” (AS 45.02.105);
14. (14) “identification” (AS 45.02.501);
15. (15) “installment contract” (AS 45.02.612);
16. (16) “letter of credit” (AS 45.02.325);
17. (17) “lot” (AS 45.02.105);
18. (18) “merchant” (AS 45.02.104);
19. (19) “overseas” (AS 45.02.323);
20. (20) “person in position of seller” (AS 45.02.707);
21. (21) “present sale” (AS 45.02.106);
22. (22) “sale” (AS 45.02.106);
23. (23) “sale or return” (AS 45.02.326);
24. (24) “termination” (AS 45.02.106).

(c) The following definitions in other chapters apply to this chapter:

1. (1) “check” (AS 45.03.104);
2. (2) “consignee” (AS 45.07.112);
3. (3) “consignor” (AS 45.07.112);
4. (4) “consumer goods” (AS 45.29.102);
5. (5) “control” (AS 45.07.116);
6. (6) “dishonor” (AS 45.03.502);
7. (7) “draft” (AS 45.03.104).