Definitions and index of definitions.
1. In this article 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 article or to specified parts thereof, and the sections in which they appear are:
“Acceptance.” NRS 104.2606.
“Banker’s credit.” NRS 104.2325.
“Between merchants.” NRS 104.2104.
“Cancellation.” Subsection 4 of NRS 104.2106.
“Commercial unit.” NRS 104.2105.
“Confirmed credit.” NRS 104.2325.
“Conforming to contract.” NRS 104.2106.
“Contract for sale.” NRS 104.2106.
“Cover.” NRS 104.2712.
“Entrusting.” NRS 104.2403.
“Financing agency.” NRS 104.2104.
“Future goods.” NRS 104.2105.
“Goods.” NRS 104.2105.
“Identification.” NRS 104.2501.
“Installment contract.” NRS 104.2612.
“Letter of credit.” NRS 104.2325.
“Lot.” NRS 104.2105.
“Merchant.” NRS 104.2104.
“Overseas.” NRS 104.2323.
“Person in position of seller.” NRS 104.2707.
“Present sale.” NRS 104.2106.
“Sale.” NRS 104.2106.
“Sale on approval.” NRS 104.2326.
“Sale or return.” NRS 104.2326.
“Termination.” NRS 104.2106.
3. The following definitions in other articles apply to this article:
“Check.” NRS 104.3104.
“Consignee.” NRS 104.7102.
“Consignor.” NRS 104.7102.
“Consumer goods.” NRS 104.9102.
“Draft.” NRS 104.3104.
4. In addition article 1 contains general definitions and principles of construction and interpretation applicable throughout this article.
Last modified: February 27, 2006