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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-2-103: Definitions and Index of Definitions

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  1. OK Code
  2. Title 12A

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) “Receipt” of goods means taking physical possession of

them.

(c) “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 2-606 of this title.

“Banker's credit”. Section 2-325 of this title.

“Between merchants”. Section 2-104 of this title.

“Cancellation”. Section 2-106(4) of this title.

“Commercial unit”. Section 2-105 of this title.

“Confirmed credit”. Section 2-325 of this title.

“Conforming to contract”. Section 2-106 of this title.

“Contract for sale”. Section 2-106 of this title.

“Cover”. Section 2-712 of this title.

“Entrusting”. Section 2-403 of this title.

“Financing agency”. Section 2-104 of this title.

“Future goods”. Section 2-105 of this title.

“Goods”. Section 2-105 of this title.

“Identification”. Section 2-501 of this title.

“Installment contract”. Section 2-612 of this title.

“Letter of credit”. Section 2-325 of this title.

“Lot”. Section 2-105 of this title.

“Merchant”. Section 2-104 of this title.

“Overseas”. Section 2-323 of this title.

“Person in position of seller”. Section 2-707 of this title.

“Present sale”. Section 2-106 of this title.

“Sale”. Section 2-106 of this title.

“Sale on approval”. Section 2-326 of this title.

“Sale or return”. Section 2-326 of this title.

“Termination”. Section 2-106 of this title.

(3) “Control” as provided in Section 7-106 of this title and

the following definitions in other articles apply to this article:

“Check”. Section 3-104 of this title.

“Consignee”. Section 7-102 of this title.

“Consignor”. Section 7-102 of this title.

“Consumer goods”. Section 1-9-102 of this title.

“Dishonor”. Section 3-502 of this title.

“Draft”. Section 3-104 of this title.

(4) In addition, Article 1 of this title contains general

definitions and principles of construction and interpretation

applicable throughout this article.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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