{"data":{"id":"us-co/c.r.s.-4-2-103","jurisdiction":"us-co","citation":"C.R.S. § 4-2-103","heading":"Definitions and index of definitions.","body":"(1) In this article unless the context otherwise requires:\n\n(a) \"Buyer\" means a person who buys or contracts to buy goods.\n\n(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.\n\n(c) \"Receipt\" of goods means taking physical possession of them.\n\n(d) \"Seller\" means a person who sells or contracts to sell goods.\n\n(2) Other definitions applying to this article or to specified portions thereof, and the sections in which they appear are:\n\n\"Acceptance\". Section 4-2-606.\n\n\"Banker's credit\". Section 4-2-325.\n\n\"Between merchants\". Section 4-2-104.\n\n\"Cancellation\". Section 4-2-106 (4).\n\n\"Commercial unit\". Section 4-2-105.\n\n\"Confirmed credit\". Section 4-2-325.\n\n\"Conforming to contract\". Section 4-2-106.\n\n\"Contract for sale\". Section 4-2-106.\n\n\"Cover\". Section 4-2-712.\n\n\"Entrusting\". Section 4-2-403.\n\n\"Financing agency\". Section 4-2-104.\n\n\"Future goods\". Section 4-2-105.\n\n\"Goods\". Section 4-2-105.\n\n\"Identification\". Section 4-2-501.\n\n\"Installment contract\". Section 4-2-612.\n\n\"Letter of credit\". Section 4-2-325.\n\n\"Lot\". Section 4-2-105.\n\n\"Merchant\". Section 4-2-104.\n\n\"Overseas\". Section 4-2-323.\n\n\"Person in position of seller\". Section 4-2-707.\n\n\"Present sale\". Section 4-2-106.\n\n\"Sale\". Section 4-2-106.\n\n\"Sale on approval\". Section 4-2-326.\n\n\"Sale or return\". Section 4-2-326.\n\n\"Termination\". Section 4-2-106.\n\n(3) \"Control\" as provided in section 4-7-106 and the following definitions in other articles apply to this article:\n\n\"Check\". Section 4-3-104.\n\n\"Consignee\". Section 4-7-102.\n\n\"Consignor\". Section 4-7-102.\n\n\"Consumer goods\". Section 4-9-102.\n\n\"Dishonor\". Section 4-3-502.\n\n\"Draft\". Section 4-3-104.\n\n(4) In addition, article 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this article.","path":["Title 4 - UNIFORM COMMERCIAL CODE","Article 2 - Sales","Part 1 - SHORT TITLE, GENERAL CONSTRUCTION, AND SUBJECT MATTER"],"source_url":"https://olls.info/crs/crs2026-title-04.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"4fc88d2ea6ecb9b2ca327ff3c6c14dfe6d73f2bc1ef93898aefec8b2cc66e913","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-4-2-102","next":"us-co/c.r.s.-4-2-104"},"notice":"GroundRules: Original legal text. Not legal advice."}