eLaws of Florida

  SECTION 672.103. Definitions and index of definitions.  


Latest version.
  • 1(1) 2In this chapter unless the context otherwise requires:
    10(a) 11“Buyer” means a person who buys or contracts to buy goods.
    22(b) 23“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.
    48(c) 49“Receipt” of goods means taking physical possession of them.
    58(d) 59“Seller” means a person who sells or contracts to sell goods.
    70(2) 71Other definitions applying to this chapter, or to specified parts thereof, and the sections in which they appear are:

    90“Acceptance,” s. 93672.60694.

    95“Banker’s credit,” s. 99672.325100.

    101“Between merchants,” s. 105672.104106.

    107“Cancellation,” s. 110672.106(4)111.

    112“Commercial unit,” s. 116672.105117.

    118“Confirmed credit,” s. 122672.325123.

    124“Conforming to contract,” s. 129672.106130.

    131“Contract for sale,” s. 136672.106137.

    138“Cover,” s. 141672.712142.

    143“Entrusting,” s. 146672.403147.

    148“Financing agency,” s. 152672.104153.

    154“Future goods,” s. 158672.105159.

    160“Goods,” s. 163672.105164.

    165“Identification,” s. 168672.501169.

    170“Installment contract,” s. 174672.612175.

    176“Letter of credit,” s. 181672.325182.

    183“Lot,” s. 186672.105187.

    188“Merchant,” s. 191672.104192.

    193“Overseas,” s. 196672.323197.

    198“Person in position of seller,” s. 205672.707206.

    207“Present sale,” s. 211672.106212.

    213“Sale,” s. 216672.106217.

    218“Sale on approval,” s. 223672.326224.

    225“Sale or return,” s. 230672.326231.

    232“Termination,” s. 235672.106236.

    237(3) 238The following definitions in other chapters apply to this chapter:

    248“Check,” s. 251673.1041252.

    253“Consignee,” s. 256677.102257.

    258“Consignor,” s. 261677.102262.

    263“Consumer goods,” s. 267679.1021268.

    269“Control,” s. 272677.106273.

    274“Dishonor,” s. 277673.5021278.

    279“Draft,” s. 282673.1041283.

    284(4) 285In addition chapter 671 contains general definitions and principles of construction and interpretation applicable throughout this chapter.
History.-s. 1, ch. 65-254; s. 5, ch. 92-82; s. 11, ch. 2001-198; s. 5, ch. 2010-131.

Note

Note.-s. 2-103, U.C.C.

Bills Cite this Section:

None

Cited by Court Cases:

None