{"data":{"id":"us-ak/as-45.02.103","jurisdiction":"us-ak","citation":"AS 45.02.103","heading":"Definitions and index of definitions.","body":"(a) In this chapter, unless the context otherwise requires,\n(1) “buyer” means a person who buys or contracts to buy goods;\n(2) [Repealed, § 113 ch 44 SLA 2009.]\n(3) “receipt” of goods means taking physical possession of them;\n(4) “seller” means a person who sells or contracts to sell goods.\n(b) Other definitions applying to this chapter and the sections in which they appear are\n(1) “acceptance” (AS 45.02.606);\n(2) “banker's credit” (AS 45.02.325);\n(3) “between merchants” (AS 45.02.104);\n(4) “cancellation” (AS 45.02.106(d));\n(5) “commercial unit” (AS 45.02.105);\n(6) “confirmed credit” (AS 45.02.325);\n(7) “conforming to contract” (AS 45.02.106);\n(8) “contract for sale” (AS 45.02.106);\n(9) “cover” (AS 45.02.712);\n(10) “entrusting” (AS 45.02.403);\n(11) “financing agency” (AS 45.02.104);\n(12) “future goods” (AS 45.02.105);\n(13) “goods” (AS 45.02.105);\n(14) “identification” (AS 45.02.501);\n(15) “installment contract” (AS 45.02.612);\n(16) “letter of credit” (AS 45.02.325);\n(17) “lot” (AS 45.02.105);\n(18) “merchant” (AS 45.02.104);\n(19) “overseas” (AS 45.02.323);\n(20) “person in position of seller” (AS 45.02.707);\n(21) “present sale” (AS 45.02.106);\n(22) “sale” (AS 45.02.106);\n(23) “sale or return” (AS 45.02.326);\n(24) “termination” (AS 45.02.106).\n(c) The following definitions in other chapters apply to this chapter:\n(1) “check” (AS 45.03.104);\n(2) “consignee” (AS 45.07.112);\n(3) “consignor” (AS 45.07.112);\n(4) “consumer goods” (AS 45.29.102);\n(5) “control” (AS 45.07.116);\n(6) “dishonor” (AS 45.03.502);\n(7) “draft” (AS 45.03.104).\n(d) In addition, AS 45.01 contains general definitions and principles of construction and interpretation applicable throughout this chapter.","path":["Title 45. Trade and Commerce.","Chapter 02. Sales."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.02.103","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"4add22219c3e4c9d9d1967e808e0f387ed22d257b036e76f9704b66afbd79319","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.02.102","next":"us-ak/as-45.02.104"},"notice":"GroundRules: Original legal text. Not legal advice."}