Georgia § 11-2-103 - Definitions and index of definitions.

§ 11-2-103. Definitions and index of definitions.

In this article unless the context otherwise requires: "Buyer" means a person who buys or contracts to buy goods. Reserved. "Receipt" of goods means taking physical possession of them. "Seller" means a person who sells or contracts to sell goods. Other definitions applying to this article or to specified parts thereof, and the Code sections in which they appear are: "Acceptance." Code Section 11-2-606. "Banker's credit." Code Section 11-2-325. "Between merchants." Code Section 11-2-104. "Cancellation." Code Section 11-2-106(4). "Commercial unit." Code Section 11-2-105. "Confirmed credit." Code Section 11-2-325. "Conforming to contract." Code Section 11-2-106. "Contract for sale." Code Section 11-2-106. "Cover." Code Section 11-2-712. "Entrusting." Code Section 11-2-403. "Financing agency." Code Section 11-2-104. "Future goods." Code Section 11-2-105. "Goods." Code Section 11-2-105. "Identification." Code Section 11-2-501. "Installment contract." Code Section 11-2-612. "Letter of credit." Code Section 11-2-325. "Lot." Code Section 11-2-105. "Merchant." Code Section 11-2-104. "Overseas." Code Section 11-2-323. "Person in position of seller." Code Section 11-2-707. "Present sale." Code Section 11-2-106. "Sale." Code Section 11-2-106. "Sale on approval." Code Section 11-2-326. "Sale or return." Code Section 11-2-326. "Termination." Code Section 11-2-106. "Control" as provided in Code Section 11-7-106 and the following definitions in other articles of this title apply to this article: "Check." Code Section 11-3-104. "Consignee." Code Section 11-7-102. "Consignor." Code Section 11-7-102. "Consumer goods." Code Section 11-9-102. "Dishonor." Code Section 11-3-502. "Draft." Code Section 11-3-104. In addition Article 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this article. (Code 1933, § 109A-2 - 103, enacted by Ga. L. 1962, p. 156, § 1; Ga. L. 2001, p. 362, § 4; Ga. L. 2010, p. 481, § 2-2/HB 451; Ga. L. 2015, p. 996, § 3B-1/SB 65.) The 2001 amendment, effective July 1, 2001, in subsection (3), substituted "Code Section 11-9-102" for "Code Section 11-9-109" in the paragraph relating to consumer goods and substituted "Code Section 11-3-502" for "Code Section 11-3-507" in the paragraph relating to dishonor. The 2010 amendment, effective May 27, 2010, substituted "'Control' as provided in Code Section 11-7-106 and the" for "The" at the beginning of subsection (3). See the Editor's notes for applicability. The 2015 amendment, effective January 1, 2016, in subsection (b), substituted "Reserved" for "'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". Editor's notes. - Ga. L. 2010, p. 481, § 3-1, not codified by the General Assembly, provides that: "This Act applies to a document of title that is issued or a bailment that arises on or after the effective date of this Act. This Act does not apply to a document of title that is issued or a bailment that arises before the effective date of this Act even if the document of title or bailment would be subject to this Act if the document of title had been issued or bailment had arisen on or after the effective date of this Act. This Act does not apply to a right of action that has accrued before the effective date of this Act." This Act became effective May 27, 2010. Ga. L. 2010, p. 481, § 3-2, not codified by the General Assembly, provides that: "A document of title issued or a bailment that arises before the effective date of this Act and the rights, documents, and interests flowing from that document or bailment are governed by any statute or other rule amended or repealed by this Act as if such amendment or repeal had not occurred and may be terminated, completed, consummated, or enforced under that statute or other rule." This Act became effective May 27, 2010. Ga. L. 2015, p. 996, § 1-1/SB 65, not codified by the General Assembly, provides: "(a) This Act shall be known and may be cited as the 'Debtor-Creditor Uniform Law Modernization Act of 2015.' "(b) To promote consistency among the states, it is the intent of the General Assembly to modernize certain existing uniform laws promulgated by the Uniform Law Commission affecting debtor and creditor rights, responsibilities, and relationships and other federally recognized laws affecting such rights, responsibilities, and relationships." Law reviews. - For article, "Contract Litigation and the Elite Bar in New York City, 1960-1980," see 39 Emory L.J. 413 (1990). For comment on Sherrock v. Commercial Credit Corp., 290 A.2d 648 (Del. S. Ct. 1972), see 10 Ga. St. B.J. 110 (1973). For comment, "Lender Liability for Breach of the Obligation of Good Faith Performance," see 36 Emory L.J. 917 (1987).