<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 57A-2-103 - Definitions and index of definitions. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073177Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073177SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073177CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073177Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } 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text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2073177Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-103"><span class="s2073177SENU">57A-2-103</span></a><span xml:space="preserve" class="s2073177SENU">. </span><span class="s2073177CL">Definitions and index of definitions.</span></p><p dir="ltr" class="s2073177Normal-000000"><span class="s2073177DefaultParagraphFont">(1) In this chapter unless the context otherwise requires:</span></p><p dir="ltr" class="s2073177Normal-000001"><span class="s2073177DefaultParagraphFont">(a)    "Buyer" means a person who buys or contracts to buy goods.</span></p><p dir="ltr" class="s2073177Normal-000001"><span class="s2073177DefaultParagraphFont">(b)    (Reserved.)</span></p><p dir="ltr" class="s2073177Normal-000001"><span class="s2073177DefaultParagraphFont">(c)    "Receipt" of goods means taking physical possession of them.</span></p><p dir="ltr" class="s2073177Normal-000001"><span class="s2073177DefaultParagraphFont">(d)    "Seller" means a person who sells or contracts to sell goods.</span></p><p dir="ltr" class="s2073177Normal-000002"><span class="s2073177DefaultParagraphFont">(2) Other definitions applying to this chapter or to specified parts thereof, and the sections in which they appear are:</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Acceptance." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-606"><span class="s2073177DefaultParagraphFont">57A-2-606</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Banker's credit." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-325"><span class="s2073177DefaultParagraphFont">57A-2-325</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Between merchants." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-104"><span class="s2073177DefaultParagraphFont">57A-2-104</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span class="s2073177DefaultParagraphFont">"Cancellation." § 57A-2-106(4).</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Commercial unit." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-105"><span class="s2073177DefaultParagraphFont">57A-2-105</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Confirmed credit." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-325"><span class="s2073177DefaultParagraphFont">57A-2-325</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Conforming to contract." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-106"><span class="s2073177DefaultParagraphFont">57A-2-106</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Contract for sale." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-106"><span class="s2073177DefaultParagraphFont">57A-2-106</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Cover." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-712"><span class="s2073177DefaultParagraphFont">57A-2-712</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Entrusting." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-403"><span class="s2073177DefaultParagraphFont">57A-2-403</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Financing agency." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-104"><span class="s2073177DefaultParagraphFont">57A-2-104</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Future goods." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-105"><span class="s2073177DefaultParagraphFont">57A-2-105</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Goods." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-105"><span class="s2073177DefaultParagraphFont">57A-2-105</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Identification." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-501"><span class="s2073177DefaultParagraphFont">57A-2-501</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Installment contract." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-612"><span class="s2073177DefaultParagraphFont">57A-2-612</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Letter of credit." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-325"><span class="s2073177DefaultParagraphFont">57A-2-325</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Lot." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-105"><span class="s2073177DefaultParagraphFont">57A-2-105</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Merchant." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-104"><span class="s2073177DefaultParagraphFont">57A-2-104</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Overseas." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-323"><span class="s2073177DefaultParagraphFont">57A-2-323</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Person in position of seller." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-707"><span class="s2073177DefaultParagraphFont">57A-2-707</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Present sale." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-106"><span class="s2073177DefaultParagraphFont">57A-2-106</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Sale." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-106"><span class="s2073177DefaultParagraphFont">57A-2-106</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Sale on approval." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-326"><span class="s2073177DefaultParagraphFont">57A-2-326</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Sale or return." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-326"><span class="s2073177DefaultParagraphFont">57A-2-326</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Termination." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2-106"><span class="s2073177DefaultParagraphFont">57A-2-106</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000002"><span class="s2073177DefaultParagraphFont">(3) The following definitions in other chapters apply to this chapter:</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Check." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-3-104"><span class="s2073177DefaultParagraphFont">57A-3-104</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Consignee." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-7-102"><span class="s2073177DefaultParagraphFont">57A-7-102</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Consignor." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-7-102"><span class="s2073177DefaultParagraphFont">57A-7-102</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Consumer goods." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-102"><span class="s2073177DefaultParagraphFont">57A-9-102</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Control." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-7-106"><span class="s2073177DefaultParagraphFont">57A-7-106</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Dishonor." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-3-502"><span class="s2073177DefaultParagraphFont">57A-3-502</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000001"><span xml:space="preserve" class="s2073177DefaultParagraphFont">"Draft." § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-3-104"><span class="s2073177DefaultParagraphFont">57A-3-104</span></a><span class="s2073177DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073177Normal-000002"><span xml:space="preserve" class="s2073177DefaultParagraphFont">(4) In addition chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-1"><span class="s2073177DefaultParagraphFont">57A-1</span></a><span xml:space="preserve" class="s2073177DefaultParagraphFont"> contains general definitions and principles of construction and interpretation applicable throughout this chapter.</span></p><p dir="ltr" class="s2073177Normal"><span xml:space="preserve" class="s2073177000003"> </span></p><p dir="ltr" class="s2073177Normal"><span class="s2073177SCL">Source:</span><span xml:space="preserve" class="s2073177SCL-000004"> SL 1966, ch 150, § 2-103; SDCL §§ 57-2-3 to 57-2-6; SL 2000, ch 231, § 3; SL 2008, ch 259, § 25; SL 2009, ch 254, § 806.</span></p></div></body></html>