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:

Ordinary Annuity

An investment that makes equal periodic payments for a fixed period of time.

Deferred Annuity

An insurance product that provides future payments to the holder, starting at a pre-specified date, often used as a long-term retirement savings vehicle.

Ordinary Annuity

A series of equal payments made at regular intervals, with interest compounding at the end of each period.

Deferred Annuity

A financial product offered by insurance companies that postpones the disbursement of income, periodic payments, or a single large payment until chosen by the investor.