Section 45.02.103 - Definitions and index of definitions(a) In this chapter, unless the context otherwise requires,(1) "buyer" means a person who buys or contracts to buy goods;(2)[Repealed, Sec. 113 ch 44 SLA 2009.](3) "receipt" of goods means taking physical possession of them;(4) "seller" means a person who sells or contracts to sell goods.(b) Other definitions applying to this chapter and the sections in which they appear are (1) "acceptance" (AS 45.02.606) ;(2) "banker's credit" (AS 45.02.325) ;(3) "between merchants" (AS 45.02.104) ;(4) "cancellation" (AS 45.02.106(d));(5) "commercial unit" (AS 45.02.105) ;(6) "confirmed credit" (AS 45.02.325) ;(7) "conforming to contract" (AS 45.02.106) ;(8) "contract for sale" (AS 45.02.106) ;(9) "cover" (AS 45.02.712) ;(10) "entrusting" (AS 45.02.403) ;(11) "financing agency" (AS 45.02.104) ;(12) "future goods" (AS 45.02.105) ;(13) "goods" (AS 45.02.105) ;(14) "identification" (AS 45.02.501) ;(15) "installment contract" (AS 45.02.612) ;(16) "letter of credit" (AS 45.02.325) ;(17) "lot" (AS 45.02.105) ;(18) "merchant" (AS 45.02.104) ;(19) "overseas" (AS 45.02.323) ;(20) "person in position of seller" (AS 45.02.707) ;(21) "present sale" (AS 45.02.106) ;(22) "sale" (AS 45.02.106) ;(23) "sale or return" (AS 45.02.326) ;(24) "termination" (AS 45.02.106) .(c) The following definitions in other chapters apply to this chapter:(1) "check" (AS 45.03.104) ;(2) "consignee" (AS 45.07.112) ;(3) "consignor" (AS 45.07.112) ;(4) "consumer goods" (AS 45.29.102) ;(5) "control" (AS 45.07.116) ;(6) "dishonor" (AS 45.03.502) ;(7) "draft" (AS 45.03.104) .(d) In addition, AS 45.01 contains general definitions and principles of construction and interpretation applicable throughout this chapter.