Which of the Following Would NOT Be a Merchant Under

question 26

Multiple Choice

Which of the following would NOT be a merchant under Article 2 of the UCC?

• A) The owner of a hardware store which sells paint
• B) A car mechanic who fixes used cars and sells them in his spare time
• C) A person who inherits three speedboats and wants to sell them to buy a car
• D) None of these are merchants.

---

Definitions:

Plant Assets

Long-term tangible assets used in the operation of a business that are not intended for resale.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, often used to manage liquidity.

Capital Expenditures Budget

A plan that details a company's projected spending on long-term assets, such as property, plant, and equipment, which are expected to provide benefits over multiple years.

Merchandise Purchases Budget

A financial plan detailing the amount of goods a company needs to purchase during a period to meet expected sales demands and maintain inventory levels.