Sec. 45.02.101. Short title.
This chapter shall be known and may be cited as Uniform Commercial Code – Sales.
Sec. 45.02.102. Scope; certain security and other transactions excluded.
Unless the context otherwise requires, this chapter applies to transactions in goods; it does not apply to a transaction that, although in the form of an unconditional contract to sell or present sale, is intended to operate only as a security transaction, nor does this chapter impair or repeal any statute regulating sales to consumers, […]
Sec. 45.02.103. Definitions and index of definitions.
(a) In this chapter, unless the context otherwise requires, (1) “buyer” means a person who buys or contracts to buy goods; (2) [Repealed, § 113 ch 44 SLA 2009.] (3) “receipt” of goods means taking physical possession of them; (4) “seller” means a person who sells or contracts to sell goods. (b) Other definitions applying […]
Sec. 45.02.104. Definitions: “merchant”; “between merchants”; “financing agency.”
(a) “Merchant” means a person who deals in goods of the kind or otherwise by occupation holds oneself out as having knowledge or skill peculiar to the practices or goods involved in the transaction or to whom this knowledge or skill may be attributed by the person’s employment of an agent or broker or other […]
Sec. 45.02.105. Definitions: transferability; “goods”; “future” goods; “lot”; “commercial unit.”
(a) “Goods” means all things, including specially manufactured goods, that are movable at the time of identification to the contract for sale other than the money in which the price is to be paid, investment securities (AS 45.08), and things in action. “Goods” also includes the unborn young of animals and growing crops and other […]
Sec. 45.02.106. Definitions: “contract”; “agreement”; “contract for sale”; “sale”; “present sale”; “conforming” to contract; “termination”; “cancellation.”
(a) In this chapter, unless the context otherwise requires, “contract” and “agreement” are limited to those relating to the present or future sale of goods. “Contract for sale” includes both a present sale of goods and a contract to sell goods at a future time. A “sale” consists in the passing of title from the […]
Sec. 45.02.107. Goods to be severed from realty; recording.
(a) A contract for the sale of minerals or the like, including oil and gas, or a structure or its materials to be removed from realty is a contract for the sale of goods within this chapter if they are to be severed by the seller, but until severance a purported present sale that is […]