1. 1. In this Article unless the context otherwise requires

   1. a. “Buyer” means a person who buys or contracts to buy goods.
   2. b. Reserved.
   3. c. “Receipt” of goods means taking physical possession of them.
   4. d. “Seller” means a person who sells or contracts to sell goods.

2. 2. Other definitions applying to this Article or to specified parts thereof, and the sections in which they appear are:

   1. a. “Acceptance” Section 554.2606
   2. b. “Banker’s credit” Section 554.2325
   3. c. “Between merchants” Section 554.2104
   4. d. “Cancellation” Section 554.2106(4)
   5. e. “Commercial unit” Section 554.2105
   6. f. “Confirmed credit” Section 554.2325
   7. g. “Conforming to contract” Section 554.2106
   8. h. “Contract for sale” Section 554.2106
   9. i. “Cover” Section 554.2712
   10. j. “Entrusting” Section 554.2403
   11. k. “Financing agency” Section 554.2104
   12. l. “Future goods” Section 554.2105
   13. m. “Goods” Section 554.2105
   14. n. “Identification” Section 554.2501
   15. o. “Installment contract” Section 554.2612
   16. p. “Letter of credit” Section 554.2325
   17. q. “Lot” Section 554.2105
   18. r. “Merchant” Section 554.2104
   19. s. “Overseas” Section 554.2323
   20. t. “Person in position of seller” Section 554.2707
   21. u. “Present sale” Section 554.2106
   22. v. “Sale” Section 554.2106
   23. w. “Sale on approval” Section 554.2326
   24. x. “Sale or return” Section 554.2326
   25. y. “Termination” Section 554.2106

3. 3. The following definitions in other Articles apply to this Article:

   1. a. “Check” Section 554.3104
   2. b. “Consignee” Section 554.7102
   3. c. “Consignor” Section 554.7102
   4. d. “Consumer goods” Section 554.9102
   5. e. “Control” Section 554.7106
   6. f. “Dishonor” Section 554.3502
   7. g. “Draft” Section 554.3104
4. 4. In addition Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.

[C24, 27, 31, 35, 39, §10005; C46, 50, 54, 58, 62, §554.77; C66, 71, 73, 75, 77, 79, 81, §554.2103] 94 Acts, ch 1167, §8, 122; 2000 Acts, ch 1149, §140, 187; 2007 Acts, ch 30, §45, 46, 48; 2007 Acts, ch 41, §23; 2012 Acts, ch 1023, §144, 157

Referred to in §554.7102, 554.13103