{"data":{"id":"us-ar/ark.-code-ann.-4-2-103","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-2-103","heading":"Definitions and index of definitions.","body":"(1) In this chapter unless the context otherwise requires:\n(a) “Buyer” means a person who buys or contracts to buy goods.\n(b) [Reserved.]\n(c) “Receipt” of goods means taking physical possession of them.\n(d) “Seller” means a person who sells or contracts to sell goods.\n(2) Other definitions applying to this chapter or to specified parts thereof, and the sections in which they appear are:\n“Acceptance”. Section 4-2-606.\n“Banker's credit”. Section 4-2-325.\n“Between merchants”. Section 4-2-104.\n“Cancellation”. Section 4-2-106(4).\n“Commercial unit”. Section 4-2-105.\n“Confirmed credit”. Section 4-2-325.\n“Conforming to contract”. Section 4-2-106.\n“Contract for sale”. Section 4-2-106.\n“Cover”. Section 4-2-712.\n“Entrusting”. Section 4-2-403.\n“Financing agency”. Section 4-2-104.\n“Future goods”. Section 4-2-105.\n“Goods”. Section 4-2-105.\n“Identification”. Section 4-2-501.\n“Installment contract”. Section 4-2-612.\n“Letter of credit”. Section 4-2-325.\n“Lot”. Section 4-2-105.\n“Merchant”. Section 4-2-104.\n“Overseas”. Section 4-2-323.\n“Person in position of seller”. Section 4-2-707.\n“Present sale”. Section 4-2-106.\n“Sale”. Section 4-2-106.\n“Sale on approval”. Section 4-2-326.\n“Sale or return”. Section 4-2-326.\n“Termination”. Section 4-2-106.\n(3) “Control” as provided in § 4-7-106 and the following definitions in other chapters apply to this chapter:\n“Check”. Section 4-3-104.\n“Consignee”. Section 4-7-102.\n“Consignor”. Section 4-7-102.\n“Consumer goods”. Section 4-9-102.\n“Dishonor”. Section 4-3-502.\n“Draft”. Section 4-3-104.\n(4) In addition, Chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter.","path":["Title 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 2 Sales","Part 1 — Short Title, General Construction, and Subject Matter"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"0324ba9409694c54ccfe6cb8ede21850b456948dd1470068dd2260e3a977e64c","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-2-102","next":"us-ar/ark.-code-ann.-4-2-104"},"notice":"GroundRules: Original legal text. Not legal advice."}