Article 2 — Sales · Section 2-103
Understand the key definitions and roles under UCC § 2-103, which lays out essential terms related to the sales of goods.
Source: U.C.C. § 2-103
In this article, the terms that are considered in the context of sales are specified, with particular focus on definitions and the roles of various parties in a sales transaction, such as buyers and sellers.
UCC § 2-103 outlines critical definitions and the roles of parties involved in the sale of goods, including 'buyer', 'seller', and related transactions. It sets the stage for understanding how these terms apply in the context of the sales contract.
A person who buys or contracts to buy goods.
A person who sells or contracts to sell goods.
All things (including specially manufactured goods) which are movable at the time of identification to the contract for sale.
Example 1
A store purchasing items from a supplier is the buyer in a sales transaction, while the supplier is the seller.
Example 2
A consumer purchasing a laptop from an electronics store represents the buyer, while the electronics store functions as the seller.