Asked by Brittney Buchanon on Jun 14, 2024
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Who is considered a "merchant" under the Uniform Commercial Code (UCC),and how does the UCC treat merchants as compared to ordinary buyers and sellers?
Merchant
An individual or business entity involved in the trade of goods or services, especially one dealing with the sale of goods.
Uniform Commercial Code
A comprehensive set of laws and regulations that govern commercial transactions in the United States, intended to harmonize laws across states.
Ordinary Buyers
Refers to typical consumers in the market who purchase goods or services for personal use.
- Examine the Uniform Commercial Code’s (UCC) definitions and treatment of merchants compared to non-merchants.
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Learning Objectives
- Examine the Uniform Commercial Code’s (UCC) definitions and treatment of merchants compared to non-merchants.
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