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Iowa Code § 554.2103

Definitions and index of definitions

Redline — January 1, 2012 → current.View current text →
Current — January 1, 2025
As of January 1, 2012
1. In this Article unless the context otherwise requires
1. In this Article unless the context otherwise requires
a. “Buyer” means a person who buys or contracts to buy goods.
a. “Buyer” means a person who buys or contracts to buy goods.
b. Reserved.
b. Reserved.
c. “Receipt” of goods means taking physical possession of them.
c. “Receipt” of goods means taking physical possession of them.
d. “Seller” means a person who sells or contracts to sell goods.
d. “Seller” means a person who sells or contracts to sell goods.
2. Other definitions applying to this Article or to specified Parts thereof, and the sections in which they appear are:
2. Other definitions applying to this Article or to specified parts thereof, and the sections in which they appear are:
“Acceptance” Section 554.2606
a. “Acceptance” Section 554.2606
“Banker’s credit” Section 554.2325
b. “Banker’s credit” Section 554.2325
“Between merchants” Section 554.2104
c. “Between merchants” Section 554.2104
“Cancellation” Section 554.2106(4)
d. “Cancellation” Section 554.2106(4)
“Commercial unit” Section 554.2105
e. “Commercial unit” Section 554.2105
“Confirmed credit” Section 554.2325
f. “Confirmed credit” Section 554.2325
“Conforming to contract” Section 554.2106
g. “Conforming to contract” Section 554.2106
“Contract for sale” Section 554.2106
h. “Contract for sale” Section 554.2106
“Cover” Section 554.2712
i. “Cover” Section 554.2712
“Entrusting” Section 554.2403
j. “Entrusting” Section 554.2403
“Financing agency” Section 554.2104
k. “Financing agency” Section 554.2104
“Future goods” Section 554.2105
l. “Future goods” Section 554.2105
“Goods” Section 554.2105
m. “Goods” Section 554.2105
“Identification” Section 554.2501
n. “Identification” Section 554.2501
“Installment contract” Section 554.2612
o. “Installment contract” Section 554.2612
“Letter of credit” Section 554.2325
p. “Letter of credit” Section 554.2325
“Lot” Section 554.2105
q. “Lot” Section 554.2105
“Merchant” Section 554.2104
r. “Merchant” Section 554.2104
“Overseas” Section 554.2323
s. “Overseas” Section 554.2323
“Person in position of seller” Section 554.2707
t. “Person in position of seller” Section 554.2707
“Present sale” Section 554.2106
u. “Present sale” Section 554.2106
“Sale” Section 554.2106
v. “Sale” Section 554.2106
“Sale on approval” Section 554.2326
w. “Sale on approval” Section 554.2326
“Sale or return” Section 554.2326
x. “Sale or return” Section 554.2326
“Termination” Section 554.2106
y. “Termination” Section 554.2106
3. “Control” as provided in section 554.7106 and the following definitions in other Articles apply to this Article:
3. The following definitions in other Articles apply to this Article:
“Check” Section 554.3104
a. “Check” Section 554.3104
“Consignee” Section 554.7102
b. “Consignee” Section 554.7102
“Consignor” Section 554.7102
c. “Consignor” Section 554.7102
“Consumer goods” Section 554.9102
d. “Consumer goods” Section 554.9102
e. “Control” Section 554.7106
“Dishonor” Section 554.3502
f. “Dishonor” Section 554.3502
“Draft” Section 554.3104
g. “Draft” Section 554.3104
4. In addition Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.
4. In addition Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.
94 Acts, ch 1167, §8, 122; 2000 Acts, ch 1149, §140, 187; 2007 Acts, ch 30, §45, 46, 48; 2007 Acts, ch 41, §23
94 Acts, ch 1167, §8, 122; 2000 Acts, ch 1149, §140, 187; 2007 Acts, ch 30, §45, 46, 48; 2007 Acts, ch 41, §23; 2012 Acts, ch 1023, §144, 157
Referred to in

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.