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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) In this chapter unless the context otherwise requires:
(a) “Buyer” means a person that buys or contracts to buy goods.
(b) [Reserved]
(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:
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“Acceptance” |
Section 75-2-606 |
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“Banker's credit” |
Section 75-2-325 |
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“Between merchants” |
Section 75-2-104 |
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“Cancellation” |
Section 75-2-106(4) |
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“Commercial unit” |
Section 75-2-105 |
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“Confirmed credit” |
Section 75-2-325 |
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“Conforming to contract” |
Section 75-2-106 |
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“Contract for sale” |
Section 75-2-106 |
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“Cover” |
Section 75-2-712 |
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“Entrusting” |
Section 75-2-403 |
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“Financing agency” |
Section 75-2-104 |
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“Future goods” |
Section 75-2-105 |
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“Goods” |
Section 75-2-105 |
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“Identification” |
Section 75-2-501 |
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“Installment contract” |
Section 75-2-612 |
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“Letter of Credit” |
Section 75-2-325 |
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“Lot” |
Section 75-2-105 |
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“Merchant” |
Section 75-2-104 |
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“Overseas” |
Section 75-2-323 |
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“Person in position of seller” |
Section 75-2-707 |
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“Present sale” |
Section 75-2-106 |
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“Sale” |
Section 75-2-106 |
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“Sale on approval” |
Section 75-2-326 |
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“Sale or return” |
Section 75-2-326 |
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“Termination” |
Section 75-2-106 |
(3) The following definitions in other chapters apply to this chapter:
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“Check” |
Section 75-3-104 |
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“Consignee” |
Section 75-7-102 |
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“Consignor” |
Section 75-7-102 |
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“Consumer goods” |
Section 75-9-102 |
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“Control” |
Section 75-7-106 |
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“Dishonor” |
Section 75-3-502 |
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“Draft” |
Section 75-3-104 |
(4) In addition Chapter 1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.
Cite this article: FindLaw.com - Mississippi Code Title 75. Regulation of Trade, Commerce and Investments § 75-2-103 - last updated January 01, 2025 | https://codes.findlaw.com/ms/title-75-regulation-of-trade-commerce-and-investments/ms-code-sect-75-2-103/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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