(a) "Buyer" means a person who buys or contracts to buy goods.
(b) "Livestock" means equines, cattle, sheep, goats, llamas, alpacas and swine.
(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, and the sections in which they appear are:
(a) "Acceptance," as defined in ORS 72.6060.
(b) "Banker’s credit," as defined in ORS 72.3250.
(c) "Between merchants," as defined in ORS 72.1040.
(d) "Cancellation," as defined in ORS 72.1060 (4).
(e) "Commercial unit," as defined in ORS 72.1050.
(f) "Confirmed credit," as defined in ORS 72.3250.
(g) "Conforming to contract," as defined in ORS 72.1060.
(h) "Contract for sale," as defined in ORS 72.1060.
(i) "Cover," as defined in ORS 72.7120.
(j) "Entrusting," as defined in ORS 72.4030.
(k) "Financing agency," as defined in ORS 72.1040.
(L) "Future goods," as defined in ORS 72.1050.
(m) "Goods," as defined in ORS 72.1050.
(n) "Identification," as defined in ORS 72.5010.
(o) "Installment contract," as defined in ORS 72.6120.
(p) "Letter of credit," as defined in ORS 72.3250.
(q) "Lot," as defined in ORS 72.1050.
(r) "Merchant," as defined in ORS 72.1040.
(s) "Overseas," as defined in ORS 72.3230.
(t) "Person in position of seller," as defined in ORS 72.7070.
(u) "Present sale," as defined in ORS 72.1060.
(v) "Sale," as defined in ORS 72.1060.
(w) "Sale on approval," as defined in ORS 72.3260.
(x) "Sale or return," as defined in ORS 72.3260.
(y) "Termination," as defined in ORS 72.1060.
(3) "Control" as provided in ORS 77.1060 and the following definitions in other series of sections apply to this chapter:
(a) "Check," as defined in ORS 73.0104.
(b) "Consignee," as defined in ORS 77.1020.
(c) "Consignor," as defined in ORS 77.1020.
(d) "Consumer goods," as defined in ORS 79.0102.
(e) "Dishonor," as defined in ORS 73.0502.
(f) "Draft," as defined in ORS 73.0104.
(4) In addition, ORS chapter 71 contains general definitions and principles of construction and interpretation applicable throughout this chapter. [1961 c.726 §72.1030; 1979 c.636 §1; 1993 c.545 §116; 1995 c.320 §1; 2001 c.445 §132; 2009 c.181 §24]
Structure 2021 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Section 72.1030 - Definitions and index of definitions.
Section 72.1040 - Definitions: "merchant"; "financing agency"; "between merchants."
Section 72.1050 - Definitions: "goods"; "future" goods; "lot"; "commercial unit."
Section 72.1070 - Goods to be severed from realty; recording.
Section 72.2010 - Formal requirements: statute of frauds.
Section 72.2020 - Final written expression: parol or extrinsic evidence.
Section 72.2040 - Formation in general.
Section 72.2060 - Offer and acceptance in formation of contract.
Section 72.2070 - Additional terms in acceptance or confirmation.
Section 72.2090 - Modification, rescission and waiver.
Section 72.2100 - Delegation of performance; assignment of rights.
Section 72.3020 - Unconscionable contract or clause.
Section 72.3040 - Price payable in money, goods, realty or otherwise.
Section 72.3050 - Open price term.
Section 72.3060 - Output, requirements and exclusive dealings.
Section 72.3080 - Absence of specified place for delivery.
Section 72.3090 - Absence of specific time provisions; notice of termination.
Section 72.3100 - Open time for payment or running of credit; authority to ship under reservation.
Section 72.3110 - Options and cooperation respecting performance.
Section 72.3130 - Express warranties by affirmation, promise, description, sample.
Section 72.3140 - Implied warranty: merchantability; usage of trade.
Section 72.3160 - Exclusion or modification of warranties; livestock warranty.
Section 72.3170 - Cumulation and conflict of warranties express or implied.
Section 72.3190 - F.O.B. and F.A.S. terms.
Section 72.3200 - C.I.F. and C. and F. terms.
Section 72.3220 - Delivery "ex-ship."
Section 72.3230 - Form of bill of lading required in overseas shipment; "overseas."
Section 72.3240 - "No arrival, no sale" term.
Section 72.3250 - "Letter of credit" term; "confirmed credit."
Section 72.3260 - Sale on approval and sale or return; rights of creditors.
Section 72.3270 - Special incidents of sale on approval and sale or return.
Section 72.3280 - Sale by auction.
Section 72.4010 - Passing of title; reservation for security; limited application of ORS 72.4010.
Section 72.4020 - Rights of seller’s creditors against sold goods.
Section 72.4030 - Power to transfer; good faith purchase of goods; "entrusting."
Section 72.5010 - Insurable interest in goods; manner of identification of goods.
Section 72.5020 - Buyer’s right to goods on seller’s repudiation, failure to deliver or insolvency.
Section 72.5030 - Manner of seller’s tender of delivery.
Section 72.5040 - Shipment by seller.
Section 72.5050 - Seller’s shipment under reservation.
Section 72.5060 - Rights of financing agency.
Section 72.5070 - Effect of seller’s tender; delivery on condition.
Section 72.5080 - Cure by seller of improper tender or delivery; replacement.
Section 72.5090 - Risk of loss in the absence of breach.
Section 72.5100 - Effect of breach on risk of loss.
Section 72.5110 - Tender of payment by buyer; payment by check.
Section 72.5120 - Payment by buyer before inspection.
Section 72.5130 - Buyer’s right to inspection of goods.
Section 72.5150 - Preserving evidence of goods in dispute.
Section 72.6010 - Buyer’s rights on improper delivery.
Section 72.6020 - Manner and effect of rightful rejection.
Section 72.6030 - Merchant buyer’s duties as to rightfully rejected goods.
Section 72.6050 - Waiver of buyer’s objections by failure to particularize.
Section 72.6060 - What constitutes acceptance of goods.
Section 72.6080 - Revocation of acceptance in whole or in part.
Section 72.6090 - Right to adequate assurance of performance.
Section 72.6100 - Anticipatory repudiation.
Section 72.6110 - Retraction of anticipatory repudiation.
Section 72.6120 - "Installment contract"; breach.
Section 72.6130 - Casualty to identified goods.
Section 72.6140 - Substituted performance.
Section 72.6150 - Excuse by failure of presupposed conditions.
Section 72.6160 - Procedure on notice claiming excuse.
Section 72.7020 - Seller’s remedies on discovery of buyer’s insolvency.
Section 72.7030 - Seller’s remedies in general.
Section 72.7050 - Seller’s stoppage of delivery in transit or otherwise.
Section 72.7060 - Seller’s resale including contract for resale.
Section 72.7070 - "Person in the position of a seller."
Section 72.7080 - Seller’s damages for nonacceptance or repudiation.
Section 72.7090 - Action for the price.
Section 72.7110 - Buyer’s remedies in general; buyer’s security interest in rejected goods.
Section 72.7120 - "Cover"; buyer’s procurement of substitute goods.
Section 72.7130 - Buyer’s damages for nondelivery or repudiation.
Section 72.7140 - Buyer’s damages for breach in regard to accepted goods.
Section 72.7150 - Buyer’s incidental and consequential damages.
Section 72.7160 - Buyer’s right to specific performance or replevin.
Section 72.7180 - Liquidation or limitation of damages; deposits.
Section 72.7190 - Contractual modification or limitation of remedy.
Section 72.7220 - Who can sue third parties for injury to goods.
Section 72.7230 - Proof of market price: time and place.
Section 72.7250 - Statute of limitations in contracts for sale.
Section 72.8010 - Definitions for ORS 72.8010 to 72.8200.
Section 72.8020 - Manufacturer’s implied warranty of merchantability.
Section 72.8030 - Manufacturer’s implied warranty of fitness.
Section 72.8040 - Retailer’s or distributor’s implied warranty of fitness.
Section 72.8060 - Express warranty.
Section 72.8090 - Form of express warranty; designation of service and repair facilities.
Section 72.8140 - Unauthorized or unreasonable use after sale.
Section 72.8150 - Service contract in addition to or in lieu of express warranty.
Section 72.8160 - Express warranty in addition to implied warranties.
Section 72.8180 - Buyer’s waiver of ORS 72.8010 to 72.8200.
Section 72.8190 - Status of remedies under ORS 72.8010 to 72.8200; effect of unconstitutionality.