Cornell Law School
Search Cornell


§ 2-106. Definitions: "Contract"; "Agreement"; "Contract for sale"; "Sale"; "Present sale"; "Conforming" to Contract; "Termination"; "Cancellation".
(1) In this Article unless the context otherwise requires "contract" and "agreement" are limited to those relating to the present or future sale of goods. "Contract for sale" includes both a present sale of goods and a contract to sell goods at a future time. A "sale" consists in the passing of title from the seller to the buyer for a price (Section 2-401). A "present sale" means a sale which is accomplished by the making of the contract.
(2) Goods or conduct including any part of a performance are "conforming" or conform to the contract when they are in accordance with the obligations under the contract.
(3) "Termination" occurs when either party pursuant to a power created by agreement or law puts an end to the contract otherwise than for its breach. On "termination" all obligations which are still executory on both sides are discharged but any right based on prior breach or performance survives.
(4) "Cancellation" occurs when either party puts an end to the contract for breach by the other and its effect is the same as that of "termination" except that the cancelling party also retains any remedy for breach of the whole contract or any unperformed balance.
‹ § 2-105. Definitions: Transferability; "Goods"; "Future" Goods; "Lot"; "Commercial Unit". up § 2-107. Goods to Be Severed From Realty: Recording. ›
Uniform Commercial Code Toolbox
SPONSORED LISTINGS
Faraji A. Rosenthall
PREMIUM
Manassas, VA
Criminal Law, Domestic Violence, DUI & DWI, Personal Injury
WebsiteEmailProfile
Benjamin N. Griffitts
PREMIUM
Fairfax, VA
Personal Injury, Criminal Law, Estate Planning, DUI & DWI, Juvenile Law, Traffic Tickets, Cannabis & Marijuana Law, Domestic Violence, Family Law, Divorce
WebsiteCallEmail
Matthew Crowley
PREMIUM
Fairfax, VA
Criminal Law, DUI & DWI, Juvenile Law, Traffic Tickets, Domestic Violence
WebsiteCallEmail
John M. McCormick
PREMIUM
Norfolk, VA
Business Law, Real Estate Law, Arbitration & Mediation, Trademarks
WebsiteCallEmail
Terry Lee Fox
PREMIUM
Fairfax, VA
Real Estate Law, Business Law, Construction Law, Trademarks
WebsiteCallEmail
Benjamin Schaefer
PREMIUM
Fairfax, VA
Criminal Law, DUI & DWI, Traffic Tickets, Domestic Violence, Estate Planning, Bankruptcy
WebsiteCallEmail
ACCESSIBILITY
ABOUT LII
CONTACT US
ADVERTISE HERE
HELP
TERMS OF USE
PRIVACY
About LIIWho We AreWhat We DoWho Pays For ThisContact UsGet the lawConstitutionSupreme CourtU.S. CodeCFRFederal RulesFederal Rules of Appellate ProcedureFederal Rules of Civil ProcedureFederal Rules of Criminal ProcedureFederal Rules of EvidenceFederal Rules of Bankruptcy ProcedureU.C.C.State lawUniform lawsFederal lawWorld lawLawyer directoryLegal encyclopediaBusiness lawConstitutional lawCriminal lawFamily lawEmployment lawMoney and FinancesMore...Help outGiveSponsorAdvertiseCreatePromoteJoin Lawyer Directory