Virginia § 8.2-103 - Definitions and index of definitions
Full text of Virginia Code of Virginia § 8.2-103 — Definitions and index of definitions, with citation guidance and answers to common questions.
§ 8.2-103. Definitions and index of definitions
(1) In this title 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 title or to specified parts thereof, and the sections in which they appear are:
"Acceptance."§ 8.2-606.
"Banker's credit."§ 8.2-325.
"Between merchants."§ 8.2-104.
"Cancellation."§ 8.2-106 (4).
"Commercial unit."§ 8.2-105.
"Confirmed credit."§ 8.2-325.
"Conforming to contract."§ 8.2-106.
"Contract for sale."§ 8.2-106.
"Cover."§ 8.2-712.
"Entrusting."§ 8.2-403.
"Financing agency."§ 8.2-104.
"Future goods."§ 8.2-105.
"Goods."§ 8.2-105.
"Identification."§ 8.2-501.
"Installment contract."§ 8.2-612.
"Letter of credit."§ 8.2-325.
"Lot."§ 8.2-105.
"Merchant."§ 8.2-104.
"Overseas."§ 8.2-323.
"Person in position of seller."§ 8.2-707.
"Present sale."§ 8.2-106.
"Sale."§ 8.2-106.
"Sale on approval."§ 8.2-326.
"Sale or return."§ 8.2-326.
"Termination."§ 8.2-106.
(3) The following definitions in other titles apply to this title:
"Check."§ 8.3A-104.
"Consignee."§ 8.7-102.
"Consignor."§ 8.7-102.
"Consumer goods."§ 8.9A-102.
"Control."§ 8.7-106.
"Dishonor."§ 8.3A-502.
"Draft."§ 8.3A-104.
(4) In addition Title 8.1A contains general definitions and principles of construction and interpretation applicable throughout this title.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 8.2-103
What does Code of Virginia § 8.2-103 cover?
Section 8.2-103 ("Definitions and index of definitions") is part of the Code of Virginia, the codified statutory law of Virginia. 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 Virginia § 8.2-103?
A common citation format is "Code of Virginia § 8.2-103" (Virginia). 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 Virginia law?
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How does Virginia § 8.2-103 apply to my situation?
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Sources & Verification
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