New Jersey § 12a:2-103
Full text of New Jersey New Jersey Statutes § 12a:2-103, with citation guidance and answers to common questions.
§ 12a:2-103.
(1) In this chapter unless the context otherwise requires: (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 Subchapters thereof,
and the sections in which they appear are: “Acceptance” 12A:2-606. “Banker's credit” 12A:2-325. “Between merchants” 12A:2-104. “Cancellation” 12A:2-106(4). “Commercial unit” 12A:2-105. “Confirmed credit” 12A:2-325. “Conforming to contract” 12A:2-106. “Contract for sale” 12A:2-106. “Cover” 12A:2-712. “Entrusting” 12A:2-403. “Financing agency” 12A:2-104. “Future goods” 12A:2-105. “Goods” 12A:2-105. “Identification” 12A:2-501. “Installment contract” 12A:2-612. “Letter of Credit” 12A:2-325. “Lot” 12A:2-105. “Merchant” 12A:2-104. “Overseas” 12A:2-323. “Person in position of seller” 12A:2-707. “Present sale” 12A:2-106. “Sale” 12A:2-106. “Sale on approval” 12A:2-326. “Sale or return” 12A:2-326. “Termination” 12A:2-106. (3) The following definitions in other Chapters apply to this Chapter: “Check” 12A:3-104. “Consignee” 12A:7-102. “Consignor” 12A:7-102. “Consumer goods” 12A:9-102. “Control” 12A:7-106. “Dishonor” 12A:3-502. “Draft” 12A:3-104. (4) In addition Chapter 1 contains general definitions and principles of construction
and interpretation applicable throughout this Chapter.
Frequently Asked Questions About New Jersey § 12a:2-103
What does New Jersey Statutes § 12a:2-103 cover?
Section 12a:2-103 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:2-103?
A common citation format is "New Jersey Statutes § 12a:2-103" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:2-103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.