Conn. Gen. Stat. § 42a-2-104
This is the official text of Conn. Gen. Stat. § 42a-2-104, part of Connecticut’s Gen. Stat — part of the compiled statutory law of Connecticut, published by the state as "Gen. Stat." Browse the sections below, each linked to its official government source.
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Sec. 42a-2-104. Definitions: “Merchant”; “between merchants”; “financing agency”.
Official statutory text
(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 as provided by section 42a-2-707 .
(3) “Between merchants” means in any transaction with respect to which both parties are chargeable with the knowledge or skill of merchants.
Person who holds himself out to have special skills may be considered merchant. 160 C. 468.
(3) “Between merchants” means in any transaction with respect to which both parties are chargeable with the knowledge or skill of merchants.
Person who holds himself out to have special skills may be considered merchant. 160 C. 468.
Status: in_force · Read it on the official government site
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