Missouri Revised Statutes













Chapter 400

Uniform Commercial Code

←400.02-103

Section 400.2-104.1

400.02-105→

August 28, 2015

Definitions--"merchant"--"between merchants"--"financing agency".

400.2-104. (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 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 (section 400.2-707).



(3) "Between merchants" means in any transaction with respect to which

both parties are chargeable with the knowledge or skill of merchants.



(L. 1963 p. 503 § 2-104)







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