Who Is Considered a "Merchant" Under the Uniform Commercial Code

question 56

Essay

Who is considered a "merchant" under the Uniform Commercial Code (UCC),and how does the UCC treat merchants as compared to ordinary buyers and sellers?

Recognize the legal restrictions on polygraph and lie detector tests in the workplace.

Identify the circumstances under which postaccident testing is considered and its relevance to safety-sensitive positions.

Comprehend the rights of employers to require drug and alcohol testing under applicable laws.

Understand the sources of privacy rights in the United States, including constitutional origins.

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Definitions:

Selling Expense Budget

An estimated projection of all costs associated with the selling activities of a business for a specific period.

Variable Expense

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production supplies.

Sales Budget

A sales budget estimates the expected sales revenue for a certain period, projecting quantities sold and revenues earned.

Depreciation

The accounting process of allocating the cost of a tangible asset over its useful life.