Colorado Code
Part 1 - Short Title, General Construction, and Subject Matter
§ 4-2-105. Definitions: Transferability - "Goods" - "Future" Goods - "Lot" - "Commercial Unit"

Source: L. 65: p. 1300, § 1. C.R.S. 1963: § 155-2-105.
Prior Uniform Statutory Provision: Subsections (1), (2), (3) and (4) -- Sections 5, 6 and 76, Uniform Sales Act; Subsections (5) and (6) -- none.
Changes: Rewritten.
Purposes of Changes and New Matter:





The definition of goods is based on the concept of movability and the term "chattels personal" is not used. It is not intended to deal with things which are not fairly identifiable as movables before the contract is performed.
Growing crops are included within the definition of goods since they are frequently intended for sale. The concept of "industrial" growing crops has been abandoned, for under modern practices fruit, perennial hay, nursery stock and the like must be brought within the scope of this Article. The young of animals are also included expressly in this definition since they, too, are frequently intended for sale and may be contracted for before birth. The period of gestation of domestic animals is such that the provisions of the section on identification can apply as in the case of crops to be planted. The reason of this definition also leads to the inclusion of a wool crop or the like as "goods" subject to identification under this Article.
The exclusion of "money in which the price is to be paid" from the definition of goods does not mean that foreign currency which is included in the definition of money may not be the subject matter of a sales transaction. Goods is intended to cover the sale of money when money is being treated as a commodity but not to include it when money is the medium of payment.
As to contracts to sell timber, minerals, or structures to be removed from the land Section 2-107(1) (Goods to be severed from Realty: recording) controls.
The use of the word "fixtures" is avoided in view of the diversity of definitions of that term. This Article in including within its scope "things attached to realty" adds the further test that they must be capable of severance without material harm thereto. As between the parties any identified things which fall within that definition become "goods" upon the making of the contract for sale.
"Investment securities" are expressly excluded from the coverage of this Article. It is not intended by this exclusion, however, to prevent the application of a particular section of this Article by analogy to securities (as was done with the Original Sales Act in Agar v. Orda, 264 N.Y. 248, 190 N.E. 479, 99 A.L.R. 269 (1934) ) when the reason of that section makes such application sensible and the situation involved is not covered by the Article of this Act dealing specifically with such securities (Article 8).
Cross References:
Point 1: Sections 4-2-107, 4-2-201, 4-2-501 and Article 8.
Point 5: Section 4-2-501.
See also Section 4-1-201.
Definitional Cross References:
"Buyer". Section 4-2-103.
"Contract". Section 4-1-201.
"Contract for sale". Section 4-2-106.
"Fungible". Section 4-1-201.
"Money". Section 4-1-201.
"Present sale". Section 4-2-106.
"Sale". Section 4-2-106.
"Seller". Section 4-2-103.

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