Section 2-A-103. Definitions and Index of Definitions.\n (1) In this Article unless the context otherwise requires:\n (a) "Buyer in ordinary course of business" means a person who in\n good faith and without knowledge that the sale to him is in\n violation of the ownership rights or security interest or\n leasehold interest of a third party in the goods, buys in\n ordinary course from a person in the business of selling\n goods of that kind but does not include a pawnbroker.\n "Buying" may be for cash or by exchange of other property or\n on secured or unsecured credit and includes acquiring goods\n or documents of title under a preexisting contract for sale\n but does not include a transfer in bulk or as security for or\n in total or partial satisfaction of a money debt.\n (b) "Cancellation" occurs when either party puts an end to the\n lease contract for default by the other party.\n (c) "Commercial unit" means such a unit of goods as by commercial\n usage is a single whole for purposes of lease and division of\n which materially impairs its character or value on the market\n or in use. A commercial unit may be a single article, as a\n machine, or a set of articles, as a suite of furniture, or a\n line of machinery, or a quantity, as a gross or carload, or\n any other unit treated in use or in the relevant market as a\n single whole.\n (d) "Conforming goods or performance under a lease contract"\n means goods or performance that are in accordance with the\n obligations under the lease contract.\n (e) "Consumer lease" means a lease that a lessor regularly\n engaged in the business of leasing or selling makes to a\n lessee who is an individual and who takes under the lease\n primarily for personal, family, or household purposes.\n (f) "Fault" means wrongful act, omission, breach, or default.\n (g) "Finance lease" means a lease with respect to which: (i) the\n lessor does not select, manufacture, or supply the goods;\n (ii) the lessor acquires the goods or the right to possession\n and use of the goods in connection with the lease; and (iii)\n one of the following occurs: (A) the lessee receives a copy\n of the contract by which the lessor acquired the goods or the\n right to possession and use of the goods before signing the\n lease contract; (B) the lessee's approval of the contract by\n which the lessor acquired the goods or the right to\n possession and use of the goods is a condition to\n effectiveness of the lease contract; (C) the lessee, before\n signing the lease contract, receives an accurate and complete\n statement designating the promises and warranties, and any\n disclaimers of warranties, limitations or modifications of\n remedies, or liquidated damages, including those of any third\n party, such as the manufacturer of the goods, provided to the\n lessor by the person supplying the goods in connection with\n or as part of the contract by which the lessor acquired the\n goods or the right to possession and use of the goods; or (D)\n if the lease is not a consumer lease, the lessor, before the\n lessee signs the lease contract, informs the lessee in\n writing (a) of the identity of the person supplying the goods\n to the lessor, unless the lessee has selected that person and\n directed the lessor to acquire the goods or the right to\n possession and use of the goods from that person, (b) that\n the lessee is entitled under this Article to the promises and\n warranties, including those of any
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