Arizona § 47-2103 - Definitions and index of definitions
Full text of Arizona Arizona Revised Statutes § 47-2103 — Definitions and index of definitions, with citation guidance and answers to common questions.
§ 47-2103. Definitions and index of definitions
A. In this chapter, unless the context otherwise requires:
1. "Buyer" means a person who buys or contracts to buy goods.
2. "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.
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". Section 47-2606.
2. "Banker's credit". Section 47-2325.
3. "Between merchants". Section 47-2104.
4. "Cancellation". Subsection D of section 47-2106.
5. "Commercial unit". Section 47-2105.
6. "Confirmed credit". Section 47-2325.
7. "Conforming to contract". Section 47-2106.
8. "Contract for sale". Section 47-2106.
9. "Cover". Section 47-2712.
10. "Entrusting". Section 47-2403.
11. "Financing agency". Section 47-2104.
12. "Future goods". Section 47-2105.
13. "Goods". Section 47-2105.
14. "Identification". Section 47-2501.
15. "Installment contract". Section 47-2612.
16. "Letter of credit". Section 47-2325.
17. "Lot". Section 47-2105.
18. "Merchant". Section 47-2104.
19. "Overseas". Section 47-2323.
20. "Person in position of seller". Section 47-2707.
21. "Present sale". Section 47-2106.
22. "Sale". Section 47-2106.
23. "Sale on approval". Section 47-2326.
24. "Sale or return". Section 47-2326.
25. "Termination". Section 47-2106.
C. "Control" as provided in section 47-7106 and the following definitions in other chapters apply to this chapter:
1. "Check". Section 47-3104.
2. "Consignee". Section 47-7102.
3. "Consignor". Section 47-7102.
4. "Consumer goods". Section 47-9102.
5. "Dishonor". Section 47-3502.
6. "Draft". Section 47-3104.
D. In addition, chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 47-2103
What does Arizona Revised Statutes § 47-2103 cover?
Section 47-2103 ("Definitions and index of definitions") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 47-2103?
A common citation format is "Arizona Revised Statutes § 47-2103" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 47-2103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.