ORS 72.1030¹
Definitions and index of definitions

(1) In this chapter unless the context otherwise requires:

(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 (What constitutes acceptance of goods).

(b) “Banker’s credit,” as defined in ORS 72.3250 (“Letter of credit” term).

(c) “Between merchants,” as defined in ORS 72.1040 (Definitions: “merchant”).

(d) “Cancellation,” as defined in ORS 72.1060 (Definitions: “contract”) (4).

(e) “Commercial unit,” as defined in ORS 72.1050 (Definitions: “goods”).

(f) “Confirmed credit,” as defined in ORS 72.3250 (“Letter of credit” term).

(g) “Conforming to contract,” as defined in ORS 72.1060 (Definitions: “contract”).

(h) “Contract for sale,” as defined in ORS 72.1060 (Definitions: “contract”).

(i) “Cover,” as defined in ORS 72.7120 (“Cover”).

(j) “Entrusting,” as defined in ORS 72.4030 (Power to transfer).

(k) “Financing agency,” as defined in ORS 72.1040 (Definitions: “merchant”).

(L) “Future goods,” as defined in ORS 72.1050 (Definitions: “goods”).

(m) “Goods,” as defined in ORS 72.1050 (Definitions: “goods”).

(n) “Identification,” as defined in ORS 72.5010 (Insurable interest in goods).

(o) “Installment contract,” as defined in ORS 72.6120 (“Installment contract”).

(p) “Letter of credit,” as defined in ORS 72.3250 (“Letter of credit” term).

(q) “Lot,” as defined in ORS 72.1050 (Definitions: “goods”).

(r) “Merchant,” as defined in ORS 72.1040 (Definitions: “merchant”).

(s) “Overseas,” as defined in ORS 72.3230 (Form of bill of lading required in overseas shipment).

(t) “Person in position of seller,” as defined in ORS 72.7070 (“Person in the position of a seller”).

(u) “Present sale,” as defined in ORS 72.1060 (Definitions: “contract”).

(v) “Sale,” as defined in ORS 72.1060 (Definitions: “contract”).

(w) “Sale on approval,” as defined in ORS 72.3260 (Sale on approval and sale or return).

(x) “Sale or return,” as defined in ORS 72.3260 (Sale on approval and sale or return).

(y) “Termination,” as defined in ORS 72.1060 (Definitions: “contract”).

(3) “Control” as provided in ORS 77.1060 (Control of electronic document of title) and the following definitions in other series of sections apply to this chapter:

(a) “Check,” as defined in ORS 73.0104 (Negotiable instrument).

(b) “Consignee,” as defined in ORS 77.1020 (Definitions and index of definitions).

(c) “Consignor,” as defined in ORS 77.1020 (Definitions and index of definitions).

(d) “Consumer goods,” as defined in ORS 79.0102 (UCC 9-102. Definitions and index of definitions).

(e) “Dishonor,” as defined in ORS 73.0502 (Dishonor).

(f) “Draft,” as defined in ORS 73.0104 (Negotiable instrument).

(4) In addition, ORS chapter 71 contains general definitions and principles of construction and interpretation applicable throughout this chapter. [1961 c.726 §72.1030 (Definitions and index of definitions); 1979 c.636 §1; 1993 c.545 §116; 1995 c.320 §1; 2001 c.445 §132; 2009 c.181 §24]

Chapter 72

Law Review Cita­tions

53 OLR 468-473 (1974); 58 OLR 545 (1980)

1 Legislative Counsel Committee, CHAPTER 72—Sales, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors072.­html (2019) (last ac­cessed May 16, 2020).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2019, Chapter 72, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano072.­html (2019) (last ac­cessed May 16, 2020).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.
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