* Section 2--106. Definitions. "Contract"; "Agreement"; "Contract for\n Sale"; "Sale"; "Present Sale"; "Conforming" to\n Contract; "Termination"; "Cancellation".\n (1) In this Article unless the context otherwise requires "contract"\nand "agreement" are limited to those relating to the present or future\nsale of goods. "Contract for sale" includes both a present sale of goods\nand a contract to sell goods at a future time. A "sale" consists in the\npassing of title from the seller to the buyer for a price (Section\n2--401). A "present sale" means a sale which is accomplished by the\nmaking of the contract.\n (2) Goods or conduct including any part of a performance are\n"conforming" or conform to the contract when they are in accordance with\nthe obligations under the contract.\n (3) "Termination" occurs when either party pursuant to a power created\nby agreement or law puts an end to the contract otherwise than for its\nbreach. On "termination" all obligations which are still executory on\nboth sides are discharged but any right based on prior breach or\nperformance survives.\n (4) "Cancellation" occurs when either party puts an end to the\ncontract for breach by the other and its effect is the same as that of\n"termination" except that the cancelling party also retains any remedy\nfor breach of the whole contract or any unperformed balance.\n * NB Effective until June 3, 2026\n* Section 2--106. Definitions. "Contract"; "Agreement"; "Contract for\n Sale"; "Sale"; "Present Sale"; "Conforming" to\n Contract; "Termination"; "Cancellation"; "Hybrid\n Transaction".\n (1) In this Article, unless the context otherwise requires, "contract"\nand "agreement" are limited to those relating to the present or future\nsale of goods. "Contract for sale" includes both a present sale of goods\nand a contract to sell goods at a future time. A "sale" consists in the\npassing of title from the seller to the buyer for a price (Section\n2--401). A "present sale" means a sale which is accomplished by the\nmaking of the contract.\n (2) Goods or conduct including any part of a performance are\n"conforming" or conform to the contract when they are in accordance with\nthe obligations under the contract.\n (3) "Termination" occurs when either party pursuant to a power created\nby agreement or law puts an end to the contract otherwise than for its\nbreach. On "termination" all obligations which are still executory on\nboth sides are discharged but any right based on prior breach or\nperformance survives.\n (4) "Cancellation" occurs when either party puts an end to the\ncontract for breach by the other and its effect is the same as that of\n"termination" except that the cancelling party also retains any remedy\nfor breach of the whole contract or any unperformed balance.\n (5) "Hybrid transaction" means a single transaction involving a sale\nof goods and:\n (a) the provision of services;\n (b) a lease of other goods; or\n (c) a sale, lease, or license of property other than goods.\n * NB Effective June 3, 2026\n
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