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Home » US Law » 2022 South Dakota Codified Laws » Title 57A - Uniform Commercial Code » Chapter 02 - Sales » Section 57A-2-103 – Definitions and index of definitions.

57A-2-103. Definitions and index of definitions.

(1) In this chapter 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 chapter or to specified parts thereof, and the sections in which they appear are:

“Acceptance.” §57A-2-606.

“Banker’s credit.” §57A-2-325.

“Between merchants.” §57A-2-104.

“Cancellation.” §57A-2-106(4).

“Commercial unit.” §57A-2-105.

“Confirmed credit.” §57A-2-325.

“Conforming to contract.” §57A-2-106.

“Contract for sale.” §57A-2-106.

“Cover.” §57A-2-712.

“Entrusting.” §57A-2-403.

“Financing agency.” §57A-2-104.

“Future goods.” §57A-2-105.

“Goods.” §57A-2-105.

“Identification.” §57A-2-501.

“Installment contract.” §57A-2-612.

“Letter of credit.” §57A-2-325.

“Lot.” §57A-2-105.

“Merchant.” §57A-2-104.

“Overseas.” §57A-2-323.

“Person in position of seller.” §57A-2-707.

“Present sale.” §57A-2-106.

“Sale.” §57A-2-106.

“Sale on approval.” §57A-2-326.

“Sale or return.” §57A-2-326.

“Termination.” §57A-2-106.

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

“Check.” §57A-3-104.

“Consignee.” §57A-7-102.

“Consignor.” §57A-7-102.

“Consumer goods.” §57A-9-102.

“Control.” §57A-7-106.

“Dishonor.” §57A-3-502.

“Draft.” §57A-3-104.

(4) In addition chapter 57A-1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.

Source: SL 1966, ch 150, §2-103; SDCL §§57-2-3 to 57-2-6; SL 2000, ch 231, §3; SL 2008, ch 259, §25; SL 2009, ch 254, §806.