Merchant definition ucc. LII Uniform Commercial Code § 2-104.



Merchant definition ucc. They can be an online retailer or a wholesaler and sell to any source, as long as they are selling for profit. 2. ] In this article: (1) " Accession " means goods that are physically united with other goods in such a manner that the identity of the original goods is not lost. One of the most important definitions in Article 2 is the definition of ‘merchant’ contained in Section 2-104 (1): Who is considered a merchant? A merchant is a person or a company that sells goods or services. Abstract This guide presents the terms and definitions found in the Uniform Commercial Code (UCC) in alphabetical order (pages 1 – 33) and in chronological order (pages 34 – 72). (1) In this Article unless the context otherwise requires (a) " Buyer " means a person who buys or contracts to buy goods . DEFINITIONS: "MERCHANT"; "BETWEEN MERCHANTS"; "FINANCING AGENCY". 104. 3. (a) "Merchant" means a person who deals in goods of the kind or otherwise by his occupation holds himself out as having knowledge or skill peculiar to the practices or goods involved in the transaction or to whom such knowledge or skill may be attributed by his employment of an agent or broker or other intermediary . These parties often have specialized knowledge about the goods they handle. The UCC distinguishes between merchants as to goods and merchants as to practices. Definitions, "Merchant"; "Between Merchants"; "Financing Agency". LII Uniform Commercial Code § 2-104. Sec. Definitions: "Merchant"; "Between Merchants"; "Financing Agency". Under § 2-104(1), a merchant falls into the class of a merchant as to goods in one of three ways: (a) [Article 9 definitions. Definitions and Index of Definitions. Jan 28, 2016 · As stated, Article 1 definitions apply throughout the Code; in addition, each Article has definitions unique to its subject content. The UCC regulates the transfer or sale of personal property. Under the UCC, a merchant refers to an individual or entity regularly engaged in buying or selling goods. (1) "Merchant" means a person who deals in goods of the kind or otherwise… Apr 27, 2013 · This section lays the foundation of this policy by defining those who are to be regarded as professionals or “merchants” and by stating when a transaction is deemed to be “between merchants”. (b) " Good faith " in the case of a merchant means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade. § 2-103. (2) " Account ", except as used in "account for", means a right to payment of a monetary obligation, whether or not earned by performance, (i) for property that has been or is to be sold, leased, licensed The Uniform Commercial Code (“UCC”) is a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions. How does the merchant obtain that sophistication? Let’s turn to the definition of merchant at § 2-104(1). The merchant will sell products for a profit and facilitate the customer's buying journey. 2. Sep 20, 2025 · Section 2--104. 2024 New York Laws UCC - Uniform Commercial Code Article 2 - Sales Part 1 - Short Title, General Construction and Subject Matter 2-104 - Definitions: "Merchant"; "Between Merchants"; "Financing Agency". qot evn t1o tg7z qreh 0wl00iu we vcz qf0wubw8xz rqjb