The Merchant Rules

A number of the provisions in Article 2 have special rules applicable to merchants, called the “merchant rules.” This lesson explores the definition of merchant in the UCC, key sections in Article 2 that rely on the concept of a merchant, and how different definitions of merchant apply in different provisions of Article 2.

Learning Outcomes

On completion of the lesson, the student will be able to:

1. Explain the three categories of merchants.
2. Identify whether a Code section is a merchant rule and if so, which category of merchant the rule applies to.
3. Determine why the Code drafters made special rules for merchants.