1. (1) In this title 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 title or to specified subtitles thereof, and the sections in which they appear are:

   “Acceptance.” § 2-606.

   “Banker's credit.” § 2-325.

   “Between merchants.” § 2-104.

   “Cancellation.” § 2-106(4).

   “Commercial unit.” § 2-105.

   “Confirmed credit.” § 2-325.

   “Conforming to contract.” § 2-106.

   “Contract for sale.” § 2-106.

   “Cover.” § 2-712.

   “Entrusting.” § 2-403.

   “Financing agency.” § 2-104.

   “Future goods.” § 2-105.

   “Goods.” § 2-105.

   “Identification.” § 2-501.

   “Installment contract.” § 2-612.

   “Letter of credit.” § 2-325.

   “Lot.” § 2-105.

   “Merchant.” § 2-104.

   “Overseas.” § 2-323.

   “Person in position of seller.” § 2-707.

   “Present sale.” § 2-106.

   “Sale.” § 2-106.

   “Sale on approval.” § 2-326.

   “Sale or return.” § 2-326.

   “Termination.” § 2-106.

3. (3) “Control” as provided in § 7-106 and the following definitions in other titles apply to this title:

   “Check.” § 3-104.

   “Consignee.” § 7-102.

   “Consignor.” § 7-102.

   “Consumer goods.” § 9-102.

   “Dishonor.” § 3-502.

   “Draft.” § 3-104.

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

Added by Acts 1975, c. 49, § 2, eff. July 1, 1975. Amended by Acts 1998, c. 21, § 1, eff. April 14, 1998; Acts 1999, c. 282, § 2, eff. July 1, 2001; Acts 2004, c. 95, § 2, eff. Oct. 1, 2004; Acts 2012, c. 673, § 2, eff. June 1, 2012.

Formerly Art. 95B, § 2-103.