{"data":{"id":"us-nc/n.c.-gen.-stat.-25-2-103","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-2-103","heading":"Definitions and index of definitions.","body":"(a)\tIn this Article, the following definitions apply:\n(1)\tAcceptance. - Defined in G.S. 25-2-606.\n(2)\tBanker's credit. - Defined in G.S. 25-2-325.\n(3)\tBetween merchants. - Defined in G.S. 25-2-104.\n(4)\tBuyer. - A person that buys or contracts to buy goods.\n(5)\tCancellation. - Defined in G.S. 25-2-106.\n(6)\tCheck. - Defined in G.S. 25-3-104.\n(7)\tCommercial unit. - Defined in G.S. 25-2-105.\n(8)\tConfirmed credit. - Defined in G.S. 25-2-325.\n(9)\tConforming to contract. - Defined in G.S. 25-2-106.\n(10)\tConsignee. - Defined in G.S. 25-7-102.\n(11)\tConsignor. - Defined in G.S. 25-7-102.\n(12)\tConsumer goods. - Defined in G.S. 25-9-102.\n(13)\tContract for sale. -- Defined in G.S. 25-2-106.\n(14)\tControl. - Defined in G.S. 25-7-106.\n(15)\tCover. - Defined in G.S. 25-2-712.\n(16)\tDishonor. - Defined in G.S. 25-3-502.\n(17)\tDraft. - Defined in G.S. 25-3-104.\n(18)\tEntrusting. - Defined in G.S. 25-2-403.\n(19)\tFinancing agency. - Defined in G.S. 25-2-104.\n(20)\tFuture goods. - Defined in G.S. 25-2-105.\n(21)\tGoods. - Defined in G.S. 25-2-105.\n(22)\tIdentification. - Defined in G.S. 25-2-501.\n(23)\tInstallment contract. - Defined in G.S. 25-2-612.\n(24)\tLetter of credit. - Defined in G.S. 25-2-325.\n(25)\tLot. -- Defined in G.S. 25-2-105.\n(26)\tMerchant. - Defined in G.S. 25-2-104.\n(27)\tOverseas. - Defined in G.S. 25-2-323.\n(28)\tPerson in position of seller. - Defined in G.S. 25-2-707.\n(29)\tPresent sale. - Defined in G.S. 25-2-106.\n(30)\tReceipt. - With respect to goods, means taking physical possession of the goods.\n(31)\tSale. - Defined in G.S. 25-2-106.\n(32)\tSale on approval. - Defined in G.S. 25-2-326.\n(33)\tSale or return. - Defined in G.S. 25-2-326.\n(34)\tSeller. - A person that sells or contracts to sell goods. Any manufacturer of self-propelled motor vehicles, as defined in G.S. 20-4.01, is also a \"seller\" with respect to buyers of its product to which it makes an express warranty, notwithstanding any lack of privity between them, for purposes of all rights and remedies available to buyers under this Article.\n(35)\tTermination. - Defined in G.S. 25-2-106.\n(b)\tIn addition, Article 1 of this Chapter contains general definitions and principles of construction and interpretation applicable throughout this Article. (1965, c. 700, s. 1; 1983, c. 598; 2000-169, s. 8; 2006-112, ss. 2, 27; 2025-25, s. 114.)","path":["Chapter 25. Uniform Commercial Code.","Article 2. Sales.","Part 1. Short Title, General Construction and Subject Matter."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-2-103.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"251ee77c604d2597785c6ab494a11c739debf98d525e9e74714217f801e3b212","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-2-102","next":"us-nc/n.c.-gen.-stat.-25-2-104"},"notice":"GroundRules: Original legal text. Not legal advice."}