{"data":{"id":"us-mt/30-2-103","jurisdiction":"us-mt","citation":"30-2-103","heading":"Definitions and index of definitions.","body":"(1) In this chapter, unless the context otherwise requires, the following definitions apply:\n(a) \"Buyer\" means a person who buys or contracts to buy goods.\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(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\". 30-2-606.\n\"Banker's credit\". 30-2-325.\n\"Between merchants\". 30-2-104.\n\"Cancellation\". 30-2-106(4).\n\"Commercial unit\". 30-2-105.\n\"Confirmed credit\". 30-2-325.\n\"Conforming to contract\". 30-2-106.\n\"Contract for sale\". 30-2-106.\n\"Cover\". 30-2-712.\n\"Entrusting\". 30-2-403.\n\"Financing agency\". 30-2-104.\n\"Future goods\". 30-2-105.\n\"Goods\". 30-2-105.\n\"Identification\". 30-2-501.\n\"Installment contract\". 30-2-612.\n\"Letter of credit\". 30-2-325.\n\"Lot\". 30-2-105.\n\"Merchant\". 30-2-104.\n\"Overseas\". 30-2-323.\n\"Person in position of seller\". 30-2-707.\n\"Present sale\". 30-2-106.\n\"Sale\". 30-2-106.\n\"Sale on approval\". 30-2-326.\n\"Sale or return\". 30-2-326.\n\"Termination\". 30-2-106.\n(3) The following definitions in other chapters apply to this chapter:\n\"Check\". 30-3-104.\n\"Consignee\". 30-7-102.\n\"Consignor\". 30-7-102.\n\"Consumer goods\". 30-9A-102.\n\"Dishonor\". 30-3-512.\n\"Draft\". 30-3-104.\n(4) In addition, chapter 1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.","path":["TITLE 30. TRADE AND COMMERCE","CHAPTER 2. UNIFORM COMMERCIAL CODE SALES","Part 1. Short Title, General Construction, and Subject Matter"],"source_url":"https://mca.legmt.gov/bills/mca/title_0300/chapter_0020/part_0010/section_0030/0300-0020-0010-0030.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:50:49Z","sha256":"9e9393ac60ebb66e74320ae9a7e4c7c8c38b902ef5b4ebef90bc593efad2acca","source_id":"us-mt","stale":false,"prev":"us-mt/30-2-102","next":"us-mt/30-2-104"},"notice":"GroundRules: Original legal text. Not legal advice."}