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§ 2-103. Definitions and index of definitions

West's Annotated Code of MarylandCommercial LawEffective: June 1, 2012

West's Annotated Code of Maryland
Commercial Law
Title 2. Sales (Refs & Annos)
Subtitle 1. Short Title, General Construction and Subject Matter (Refs & Annos)
Effective: June 1, 2012
MD Code, Commercial Law, § 2-103
§ 2-103. Definitions and index of definitions
Currentness
(1) In this title unless the context otherwise requires
(a) “Buyer” means a person who buys or contracts to buy goods.
(b) Reserved.
(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 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) “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) In addition Title 1 contains general definitions and principles of construction and interpretation applicable throughout this title.

Credits

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.
MD Code, Commercial Law, § 2-103, MD COML § 2-103
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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