Iowa Code § 554.2102 (2026)
Scope — certain security and other transactions excluded from this Article
1. Unless the context otherwise requires, and except as provided in subsection 3, this Article applies to transactions in goods and, in the case of a hybrid transaction, it applies to the extent provided in subsection 2. 2. In a hybrid transaction: a. if the sale-of-goods aspects do not predominate, only the provisions of this Article which relate primarily to the sale-of-goods aspects of the transaction apply, and the provisions that relate primarily to the transaction as a whole do not apply. b. if the sale-of-goods aspects predominate, this Article applies to the transaction but does not preclude application in appropriate circumstances of other law to aspects of the transaction which do not relate to the sale of goods. 3. This Article does not: a. apply to a transaction that, even though in the form of an unconditional contract to sell or present sale, operates only to create a security interest; or b. impair or repeal a statute regulating sales to consumers, farmers, or other specified classes of buyers. [C24, 27, 31, 35, 39, §10004; C46, 50, 54, 58, 62, §554.76; C66, 71, 73, 75, 77, 79, 81, §554.2102] 2024 Acts, ch 1023, §15
\n554.2103 Definitions and index of definitions. 1. In this Article unless the context otherwise requires a. “Buyer” means a person who buys or contracts to buy goods. b. Reserved. c. “Receipt” of goods means taking physical possession of them.
\nTue Dec 09 22:02:40 2025 Iowa Code 2026, Chapter 554 (108, 4) §554.2103, UNIFORM COMMERCIAL CODE 24\n\n d. “Seller” means a person who sells or contracts to sell goods. 2. Other definitions applying to this Article or to specified parts thereof, and the sections in which they appear are: a. “Acceptance” ..................................... Section 554.2606 b. “Banker’s credit” .............................. Section 554.2325 c. “Between merchants” ....................... Section 554.2104 d. “Cancellation” ................................... Section 554.2106(4) e. “Commercial unit” ............................ Section 554.2105 f. “Confirmed credit”............................. Section 554.2325 g. “Conforming to contract”................. Section 554.2106 h. “Contract for sale” ............................ Section 554.2106 i. “Cover” ............................................... Section 554.2712 j. “Entrusting”........................................ Section 554.2403 k. “Financing agency” .......................... Section 554.2104 l. “Future goods” ................................... Section 554.2105 m. “Goods” ............................................ Section 554.2105 n. “Identification” .................................. Section 554.2501 o. “Installment contract” ...................... Section 554.2612 p. “Letter of credit” ............................... Section 554.2325 q. “Lot”................................................... Section 554.2105 r. “Merchant” ......................................... Section 554.2104 s. “Overseas” ......................................... Section 554.2323 t. “Person in position of seller” ............ Section 554.2707 u. “Present sale”.................................... Section 554.2106 v. “Sale”.................................................. Section 554.2106 w. “Sale on approval” ........................... Section 554.2326 x. “Sale or return” ................................. Section 554.2326 y. “Termination” .................................... Section 554.2106 3. The following definitions in other Articles apply to this Article: a. “Check”.............................................. Section 554.3104 b. “Consignee”....................................... Section 554.7102 c. “Consignor” ....................................... Section 554.7102 d. “Consumer goods”............................ Section 554.9102 e. “Control”............................................ Section 554.7106 f. “Dishonor”.......................................... Section 554.3502 g. “Draft” ............................................... Section 554.3104 4. In addition Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article. [C24, 27, 31, 35, 39, §10005; C46, 50, 54, 58, 62, §554.77; C66, 71, 73, 75, 77, 79, 81, §554.2103] 94 Acts, ch 1167, §8, 122; 2000 Acts, ch 1149, §140, 187; 2007 Acts, ch 30, §45, 46, 48; 2007 Acts, ch 41, §23; 2012 Acts, ch 1023, §144, 157 Referred to in §554.7102, 554.13103
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