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S.C. Code Ann. § 36-2-103

Definitions and index of definitions

Known as the Uniform Commercial Code

The act spans §§ 36–36 (519 sections).

1962 Code SECTION 10.2-103; 1966 (54) 2716; 2014 Act No. 213 (S.343), SECTIONS 3, 4, eff October 1, 2014.

(1) In this chapter unless the context otherwise requires:

(a) "Buyer" means a person who buys or contracts to buy goods.

(b) [Reserved].

(c) "Receipt" of goods means taking physical possession of them.

(d) "Seller" means a person who sells or contracts to sell goods.

(2) Other definitions applying to this chapter or to specified parts thereof, and the sections in which they appear are:

"Acceptance." SECTION 36-2-606.

"Banker's credit." SECTION 36-2-325.

"Between merchants." SECTION 36-2-104.

"Cancellation." SECTION 36-2-106(4).

"Commercial unit." SECTION 36-2-105.

"Confirmed credit." SECTION 36-2-325.

"Conforming to contract." SECTION 36-2-106.

"Contract for sale." SECTION 36-2-106.

"Cover." SECTION 36-2-712.

"Entrusting." SECTION 36-2-403.

"Financing agency." SECTION 36-2-104.

"Future goods." SECTION 36-2-105.

"Goods." SECTION 36-2-105.

"Identification." SECTION 36-2-501.

"Installment contract." SECTION 36-2-612.

"Letter of credit." SECTION 36-2-325.

"Lot." SECTION 36-2-105.

"Merchant." SECTION 36-2-104.

"Overseas." SECTION 36-2-323.

"Person in position of seller." SECTION 36-2-707.

"Present sale." SECTION 36-2-106.

"Sale." SECTION 36-2-106.

"Sale on approval." SECTION 36-2-326.

"Sale or return." SECTION 36-2-326.

"Termination." SECTION 36-2-106.

(3) "Control" as provided in Section 36-7-106 and the following definitions in other chapters of Title 36 apply to this chapter:

"Check" Section 36-3-104.

"Consignee" Section 36-7-102.

"Consignor" Section 36-7-102.

"Consumer goods" Section 36-9-102.

"Dishonor" Section 36-3-507.

"Draft" Section 36-3-104.

(4) In addition Title 36, Chapter 1, contains general definitions and principles of construction and interpretation applicable throughout this Chapter.

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