Michigan § 440.2103 - Article 2; definitions.
Full text of Michigan Michigan Compiled Laws § 440.2103 — Article 2; definitions., with citation guidance and answers to common questions.
§ 440.2103. Article 2; definitions.
(1) In this article unless the context otherwise requires:
(a) "Buyer" means a person who buys or contracts to buy goods.
(b) "Receipt" of goods means taking physical possession of them.
(c) "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:
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"Acceptance". |
Section 2606. |
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"Banker's credit". |
Section 2325. |
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"Between merchants". |
Section 2104. |
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"Cancellation". |
Section 2106(4). |
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"Commercial unit". |
Section 2105. |
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"Confirmed credit". |
Section 2325. |
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"Conforming to contract". |
Section 2106. |
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"Contract for sale". |
Section 2106. |
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"Cover". |
Section 2712. |
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"Entrusting". |
Section 2403. |
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"Financing agency". |
Section 2104. |
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"Future goods". |
Section 2105. |
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"Goods". |
Section 2105. |
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"Identification". |
Section 2501. |
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"Installment contract". |
Section 2612. |
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"Letter of credit". |
Section 2325. |
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"Lot". |
Section 2105. |
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"Merchant". |
Section 2104. |
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"Overseas". |
Section 2323. |
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"Person in position of seller". |
Section 2707. |
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"Present sale". |
Section 2106. |
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"Sale". |
Section 2106. |
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"Sale on approval". |
Section 2326. |
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"Sale or return". |
Section 2326. |
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"Termination". |
Section 2106. |
(3) "Control" as provided in section 7106 and the following definitions in other articles apply to this article:
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"Check". |
Section 3104. |
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"Consignee". |
Section 7102. |
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"Consignor". |
Section 7102. |
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"Consumer goods". |
Section 9102. |
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"Dishonor". |
Section 3502. |
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"Draft". |
Section 3104. |
(4) In addition, article 1 contains general definitions and principles of construction and interpretation applicable throughout this article.
Frequently Asked Questions About Michigan § 440.2103
What does Michigan Compiled Laws § 440.2103 cover?
Section 440.2103 ("Article 2; definitions.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. 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 Michigan § 440.2103?
A common citation format is "Michigan Compiled Laws § 440.2103" (Michigan). 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 Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.2103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan 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 Michigan.