{"data":{"id":"us-ky/krs-355.2-103","jurisdiction":"us-ky","citation":"KRS 355.2-103","heading":"Definitions and index of definitions.","body":"(1) In this article 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; and\n(d) \"Seller\" means a person who sells or contracts to sell goods.\n(2) Other definitions applying to this article or to specified parts thereof, and the\nsections in which they appear are:\n(a) \"Acceptance.\" KRS 355.2-606;\n(b) \"Banker's credit.\" KRS 355.2-325;\n(c) \"Between merchants.\" KRS 355.2-104;\n(d) \"Cancellation.\" KRS 355.2-106 (4);\n(e) \"Commercial unit.\" KRS 355.2-105;\n(f) \"Confirmed credit.\" KRS 355.2-325;\n(g) \"Conforming to contract.\" KRS 355.2-106;\n(h) \"Contract for sale.\" KRS 355.2-106;\n(i) \"Cover.\" KRS 355.2-712;\n(j) \"Entrusting.\" KRS 355.2-403;\n(k) \"Financing agency.\" KRS 355.2-104;\n(l) \"Future goods.\" KRS 355.2-105;\n(m) \"Goods.\" KRS 355.2-105;\n(n) \"Identification.\" KRS 355.2-501;\n(o) \"Installment contract.\" KRS 355.2-612;\n(p) \"Letter of credit.\" KRS 355.2-325;\n(q) \"Lot.\" KRS 355.2-105;\n(r) \"Merchant.\" KRS 355.2-104;\n(s) \"Overseas.\" KRS 355.2-323;\n(t) \"Person in position of seller.\" KRS 355.2-707;\n(u) \"Present sale.\" KRS 355.2-106;\n(v) \"Sale.\" KRS 355.2-106;\n(w) \"Sale on approval.\" KRS 355.2-326;\n(x) \"Sale or return.\" KRS 355.2-326; and\n(y) \"Termination.\" KRS 355.2-106.\n(3) The following definitions in other articles apply to this article:\n(a) \"Check.\" KRS 355.3-104;\n(b) \"Consignee.\" KRS 355.7-102;\n(c) \"Consignor.\" KRS 355.7-102;\n(d) \"Consumer goods.\" KRS 355.9-102;\n(e) \"Control.\" KRS 355.7-106;\n(f) \"Dishonor.\" KRS 355.3-502; and\n(g) \"Draft.\" KRS 355.3-104.\n(4) In addition, Article 1 contains general definitions and principles of construction and\ninterpretation applicable throughout this article.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40646","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:41Z","sha256":"9d67c18bf4eccb615ee94fe8d2e0203793f61fc069c9c4b7cefcc32d84aa2be8","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.2-102","next":"us-ky/krs-355.2-104"},"notice":"GroundRules: Original legal text. Not legal advice."}