§ 8.2-103 Definitions and index of definitions
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.
History
This law was first created in 1964. The record of its establishment is cataloged in chapter 219 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1964 “Acts” aren’t available online. It has been modified 3 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 2000, chapter 1007; in 2003, chapter 353; in 2004, chapter 200.
1964, c. 219; 2000, c. 1007; 2003, c. 353; 2004, c. 200.