(a) In this chapter, unless the context otherwise requires, (1) “buyer” means a person who buys or contracts to buy goods;
(2) [Repealed, § 113 ch 44 SLA 2009.] (3) “receipt” of goods means taking physical possession of them;
(4) “seller” means a person who sells or contracts to sell goods.
(b) Other definitions applying to this chapter and the sections in which they appear are (1) “acceptance” (AS 45.02.606);
(2) “banker's credit” (AS 45.02.325);
(3) “between merchants” (AS 45.02.104);
(4) “cancellation” (AS 45.02.106(d));
(5) “commercial unit” (AS 45.02.105);
(6) “confirmed credit” (AS 45.02.325);
(7) “conforming to contract” (AS 45.02.106);
(8) “contract for sale” (AS 45.02.106);
(9) “cover” (AS 45.02.712);
(10) “entrusting” (AS 45.02.403);
(11) “financing agency” (AS 45.02.104);
(12) “future goods” (AS 45.02.105);
(13) “goods” (AS 45.02.105);
(14) “identification” (AS 45.02.501);
(15) “installment contract” (AS 45.02.612);
(16) “letter of credit” (AS 45.02.325);
(17) “lot” (AS 45.02.105);
(18) “merchant” (AS 45.02.104);
(19) “overseas” (AS 45.02.323);
(20) “person in position of seller” (AS 45.02.707);
(21) “present sale” (AS 45.02.106);
(22) “sale” (AS 45.02.106);
(23) “sale or return” (AS 45.02.326);
(24) “termination” (AS 45.02.106).
(c) The following definitions in other chapters apply to this chapter: (1) “check” (AS 45.03.104);
(2) “consignee” (AS 45.07.112);
(3) “consignor” (AS 45.07.112);
(4) “consumer goods” (AS 45.29.102);
(5) “control” (AS 45.07.116);
(6) “dishonor” (AS 45.03.502);
(7) “draft” (AS 45.03.104).
(d) In addition, AS 45.01 contains general definitions and principles of construction and interpretation applicable throughout this chapter.