{"data":{"id":"us-md/md.-code-commercial-law-2-103","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 2–103","heading":"","body":"(1) In this title 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 title or to specified subtitles thereof, and the sections in which they appear are:\n“Acceptance.” § 2-606.\n“Banker’s credit.” § 2-325.\n“Between merchants.” § 2-104.\n“Cancellation.” § 2-106(4).\n“Commercial unit.” § 2-105.\n“Confirmed credit.” § 2-325.\n“Conforming to contract.” § 2-106.\n“Contract for sale.” § 2-106.\n“Cover.” § 2-712.\n“Entrusting.” § 2-403.\n“Financing agency.” § 2-104.\n“Future goods.” § 2-105.\n“Goods.” § 2-105.\n“Identification.” § 2-501.\n“Installment contract.” § 2-612.\n“Letter of credit.” § 2-325.\n“Lot.” § 2-105.\n“Merchant.” § 2-104.\n“Overseas.” § 2-323.\n“Person in position of seller.” § 2-707.\n“Present sale.” § 2-106.\n“Sale.” § 2-106.\n“Sale on approval.” § 2-326.\n“Sale or return.” § 2-326.\n“Termination.” § 2-106.\n(3) “Control” as provided in § 7-106 and the following definitions in other titles apply to this title:\n“Check.” § 3-104.\n“Consignee.” § 7-102.\n“Consignor.” § 7-102.\n“Consumer goods.” § 9-102.\n“Dishonor.” § 3-502.\n“Draft.” § 3-104.\n(4) In addition Title 1 contains general definitions and principles of construction and interpretation applicable throughout this title.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=2-103","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"d8a97dc7d15932179c1f824cfef8ec45c0e7af5bd6823e0522e260dc813cbf8f","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-2-102","next":"us-md/md.-code-commercial-law-2-104"},"notice":"GroundRules: Original legal text. Not legal advice."}