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In Which of the Following Situations Is the Seller a Merchant

question 39

Multiple Choice

In which of the following situations is the seller a merchant under Article 2 of the UCC?


Definitions:

Unlimited Liability

A legal obligation where business owners are personally responsible for all of the debts of the business.

Cooperatives

A type of organization owned and operated by a group of individuals for their mutual benefit.

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.

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