Question: Under the UCC, a merchant is defined as _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Under the UCC, a

merchant

is defined as

__________________.

Group of answer choices

any seller of goods

a person that deals in the kind of goods involved in the sale

a person who holds himself out as having special knowledge or skill about the kind of goods involved in the sale

Both a person that deals in the kind of goods involved in the sale AND a person who holds himself out as having special knowledge or skill about the kind of goods involved in the sale

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Merchants Under the UCC Case Submitting a text entry box or a file upload Due Sunday by 11:59pm Points 20 Available until Jul 5 at 11:59pm For this assignment, please read the following case...

"Merchants" under the UCC Goldkist, Inc. v. Brownlee 355 S.E.2d 773 (Ga. App. 1987) Beasley, J. The question is whether the two defendant farmers, who as a partnership both grew and sold their crops,...

Titus-Will Ford Sales, Inc. appeals a judgment for replevin [repossession] of a 1990 Ford pickup truck that Titus-Will had previously sold to dealer/broker James Wilson. Upon consideration of the...

Unit1 1) The court's decision in Brown v. Board of Education had what effect on the decision made in Plessy v. Ferguson? a. It showed that precedent can be overruled and is not binding in every...

he question is whether the two defendant farmers, who as a partnership both grew and sold their crops, were established by the undisputed facts as not being merchants as a matter of law, according to...

"Merchants" under the UCCGoldkist, Inc. v. Brownlee355 S.E.2d 773 (Ga. App. 1987)Beasley, J.The question is whether the two defendant farmers, who as a partnership both grew and sold their crops,...

1) What is the definition of goods under Article 2 of the UCC? a. Goods are defined as tangible things that are immovable at the time of their identi- fication to the contract. b. Goods are defined...

BMGT 380 - Final Exam Questions for E-resources - Fall 2014 Multiple Choice: 1 point each 1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the...

Question 1 1 pts A breach of warranty is a breach of the seller s or lessor s promise. Group of answer choices True False Flag question: Question 2 Question 2 1 pts Express warranties can be found in...

Given: For the soil profile shown below, the degree of consolidation is 45%. test results on a clay sample was. C,-0.4, C,-0.07. . e=0.56, G=2.68 1. The consolidation settlement Required...

Allen Corporation was organized on April 8 of this year. The corporation was authorized to issue 900 shares of cumulative preferred 9 percent stock, $ 100 par value, and 9,000 shares of common stock...

What is the phantom income problem? Income that triggers taxes but has no real cash flow associated with it Income a lender is supposed to get, but must write - off if the client goes bankrupt Income...

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...