402.101 – Short title.

402.101 Short title. This chapter shall be known and may be cited as uniform commercial code — sales.

402.102 – Scope; certain security and other transactions excluded from this chapter.

402.102 Scope; certain security and other transactions excluded from this chapter. Unless the context otherwise requires, this chapter applies to transactions in goods; it does not apply to any transaction which although in the form of an unconditional contract to sell or present sale is intended to operate only as a security transaction nor does […]

402.103 – Definitions and index of definitions.

402.103 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) “Good faith” in the case of a merchant means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade. (c) “Receipt” […]

402.104 – Definitions: “merchant”; “between merchants”; “financing agency”.

402.104 Definitions: “merchant”; “between merchants”; “financing agency”. (1) “Between merchants” means in any transaction with respect to which both parties are chargeable with the knowledge or skill of merchants. (2) “Financing agency” means a bank, finance company or other person who in the ordinary course of business makes advances against goods or documents of title […]

402.105 – Definitions: transferability; “goods”; “future” goods; “lot”; “commercial unit”.

402.105 Definitions: transferability; “goods”; “future” goods; “lot”; “commercial unit”. (1) (a) “Commercial unit” means such a unit of goods as by commercial usage is a single whole for purposes of sale and division of which materially impairs its character or value on the market or in use. A commercial unit may be a single article […]

402.106 – Definitions: “contract”; “agreement”; “contract for sale”; “sale”; “present sale”; “conforming” to contract; “termination”; “cancellation”.

402.106 Definitions: “contract”; “agreement”; “contract for sale”; “sale”; “present sale”; “conforming” to contract; “termination”; “cancellation”. In this chapter unless the context otherwise requires: (1) “Cancellation” occurs when either party puts an end to the contract for breach by the other and its effect is the same as that of “termination” except that the canceling party […]

402.107 – Goods to be severed from realty: recording.

402.107 Goods to be severed from realty: recording. (1) 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 […]