Montana § 30-2-103 - Definitions And Index Of Definitions
Full text of Montana Montana Code Annotated § 30-2-103 — Definitions And Index Of Definitions, with citation guidance and answers to common questions.
§ 30-2-103. Definitions And Index Of Definitions
Definitions and index of definitions. (1) In this chapter, unless the context otherwise requires, the following definitions apply: (a) "Buyer" means a person who buys or contracts to buy goods. (b) "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. (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". 30-2-606 . "Banker's credit". 30-2-325 . "Between merchants". 30-2-104 . "Cancellation". 30-2-106 (4). "Commercial unit". 30-2-105 . "Confirmed credit". 30-2-325 . "Conforming to contract". 30-2-106 . "Contract for sale". 30-2-106 . "Cover". 30-2-712 . "Entrusting". 30-2-403 . "Financing agency". 30-2-104 . "Future goods". 30-2-105 . "Goods". 30-2-105 . "Identification". 30-2-501 . "Installment contract". 30-2-612 . "Letter of credit". 30-2-325 . "Lot". 30-2-105 . "Merchant". 30-2-104 . "Overseas". 30-2-323 . "Person in position of seller". 30-2-707 . "Present sale". 30-2-106 . "Sale". 30-2-106 . "Sale on approval". 30-2-326 . "Sale or return". 30-2-326 . "Termination". 30-2-106 . (3) The following definitions in other chapters apply to this chapter: "Check". 30-3-104 . "Consignee". 30-7-102 . "Consignor". 30-7-102 . "Consumer goods". 30-9A-102 . "Dishonor". 30-3-512 . "Draft". 30-3-104 . (4) In addition, chapter 1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 30-2-103
What does Montana Code Annotated § 30-2-103 cover?
Section 30-2-103 ("Definitions And Index Of Definitions") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 30-2-103?
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Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 30-2-103 apply to my situation?
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Sources & Verification
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