(1) “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 who by his occupation holds
himself out as having such knowledge or skill.
(2) “Financing agency” means a bank, finance company or other person who in the ordinary course of business
makes advances against goods or documents of title or who by arrangement with either
the seller or the buyer intervenes in ordinary course to make or collect payment due
or claimed under the contract for sale, as by purchasing or paying the seller's draft
or making advances against it or by merely taking it for collection whether or not
documents of title accompany or are associated with the draft. “Financing agency” includes also a bank or other person who similarly intervenes between persons who
are in the position of seller and buyer in respect to the goods (G.S. 25-2-707).
(3) “Between merchants” means in any transaction with respect to which both parties
are chargeable with the knowledge or skill of merchants.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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