Who Among the Following Is Most Likely Not Considered a Merchant

question 43

Multiple Choice

Who among the following is most likely not considered a merchant according to Article 2 of the UCC?

• A) Jim who owns a wholesale auto parts business.
• B) Tom who, as a hobby, builds and sells birdhouses on the weekends.
• C) Kay who sells her 3-year-old fishing boat to her neighbor.
• D) Jan, who is not knowledgeable about selling sailboats, but who employs an experienced expert in the trade.

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Definitions:

Miscellaneous Expense

A category for expenses that don't naturally fit into other specified categories in financial accounting.

Cash Account

A type of account in finance that records all cash transactions, including receipts and payments.

Cash Receipts

Records of all cash amounts received by a company, documenting sales, returns, and other transactions involving cash inflows.

Cash Payments

Monetary transactions where cash is used to settle the amount owed for purchases or expenses.