§490:2-103  Definitions and index of definitions.  (1)  In this Article 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" 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 Article or to specified Parts thereof, and the sections in which they appear are:

     "Acceptance".  Section 490:2-606.

     "Banker's credit".  Section 490:2-325.

     "Between merchants".  Section 490:2-104.

     "Cancellation".  Section 490:2-106(4).

     "Commercial unit".  Section 490:2-105.

     "Confirmed credit".  Section 490:2-325.

     "Conforming to contract".  Section 490:2-106.

     "Contract for sale".  Section 490:2-106.

     "Cover".  Section 490:2-712.

     "Entrusting".  Section 490:2-403.

     "Financing agency".  Section 490:2-104.

     "Future goods".  Section 490:2-105.

     "Goods".  Section 490:2-105.

     "Identification".  Section 490:2-501.

     "Installment contract".  Section 490:2-612.

     "Letter of credit".  Section 490:2-325.

     "Lot".  Section 490:2-105.

     "Merchant".  Section 490:2-104.

     "Overseas".  Section 490:2-323.

     "Person in position of seller".  Section 490:2-707.

     "Present sale".  Section 490:2-106.

     "Sale".  Section 490:2-106.

     "Sale on approval".  Section 490:2-326.

     "Sale or return".  Section 490:2-326.

     "Termination".  Section 490:2-106.

     (3)  The following definitions in other articles apply to this article:

     "Check".  Section 490:3-104.

     "Consignee".  Section 490:7-102.

     "Consignor".  Section 490:7-102.

     "Consumer goods".  Section 490:9-102.

     "Control".  Section 490:7-106.

     "Dishonor".  Section 490:3-502.

     "Draft".  Section 490:3-104.

     (4)  In addition Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article. [L 1965, c 208, §2-103; HRS §490:2-103; am L 1997, c 32, §3; am L 2000, c 241, §11; am L 2004, c 163, §4]

 

COMMENTS TO OFFICIAL TEXT

 

  Prior Uniform Statutory Provision:  Subsection (1):  Section 76, Uniform Sales Act.

  Changes:

  The definitions of "buyer" and "seller" have been slightly rephrased, the reference in Section 76 of the prior Act to "any legal successor in interest of such person" being omitted.  The definition of "receipt" is new.

  Purposes of Changes and New Matter:

  1.  The phrase "any legal successor in interest of such person" has been eliminated since Section 2-210 of this Article, which limits some types of delegation of performance on assignment of a sales contract, makes it clear that not every such successor can be safely included in the definition.  In every ordinary case, however, such successors are as of course included.

  2.  "Receipt" must be distinguished from delivery particularly in regard to the problems arising out of shipment of goods, whether or not the contract calls for making delivery by way of documents of title, since the seller may frequently fulfill his obligations to "deliver" even though the buyer may never "receive" the goods.  Delivery with respect to documents of title is defined in Article 1 and requires transfer of physical delivery.  Otherwise the many divergent incidents of delivery are handled incident by incident.

  Cross References:

  Point 1:  See Section 2-210 and Comment thereon.

  Point 2:  Section 1-201.

  Definitional Cross Reference:

  "Person".  Section 1-201.