§ 6A-2-104 - Definitions – "Merchant" – "Between merchants" – "Financing agency".
SECTION 6A-2-104
§ 6A-2-104 Definitions – "Merchant"– "Between merchants" – "Financing agency". – (1) "Merchant" means a person who deals in goods of the kind or otherwise byhis or her occupation holds him or herself out as having knowledge or skillpeculiar to the practices or goods involved in the transaction or to whom suchknowledge or skill may be attributed by his or her employment of an agent orbroker or other intermediary who by his or her occupation holds him or herselfout as having such knowledge or skill.
(2) "Financing agency" means a bank, finance company, orother person who in the ordinary course of business makes advances againstgoods or documents of title or who by arrangement with either the seller or thebuyer intervenes in ordinary course to make or collect payment due or claimedunder the contract for sale, as by purchasing or paying the seller's draft ormaking advances against it or by merely taking it for collection whether or notdocuments of title accompany or are associated with the draft. "Financingagency" includes also a bank or other person who similarly intervenes betweenpersons who are in the position of seller and buyer in respect to the goods(§ 6A-2-707).
(3) "Between merchants" means in any transaction with respectto which both parties are chargeable with the knowledge or skill of merchants.