(1) In this division unless the context otherwise requires âcontractâ and âagreementâ are limited to those relating to the present or future sale of goods. âContract for saleâ includes both a present sale of goods and a contract to sell goods at a future time. A âsaleâ consists in the passing of title from the seller to the buyer for a price (Section 2401). A âpresent saleâ means a sale which is accomplished by the making of the contract. (2) Goods or conduct including any part of a performance are âconformingâ or conform to the contract when they are in accordance with the obligations under the contract. (3) âTerminationâ occurs when either party pursuant to a power created by agreement or law puts an end to the contract otherwise than for its breach. On âterminationâ all obligations which are still executory on both sides are discharged but any right based on prior breach or performance survives. (4) âCancellationâ occurs when either party puts an end to the contract for breach by the other and its effect is the same as that of âterminationâ except that the cancelling party also retains any remedy for breach of the whole contract or any unperformed balance. (5) âHybrid transactionâ means a single transaction involving a sale of goods and: (a) the provision of services; (b) a lease of other goods; or (c) a sale, lease, or license of property other than goods.
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