If a Merchant Sells Goods to a Buyer Who Is

question 33

True/False

If a merchant sells goods to a buyer who is not a merchant,Article 2 of the UCC will not apply.

---

Definitions:

Year-End Assets

The total value of all assets held by an individual or corporation calculated at the end of the fiscal year.

Liabilities

Financial obligations or debts owed by a company or an individual to creditors, typically classified as current (short-term) or long-term.

Net Asset Value

The total value of a fund's assets minus its liabilities, often used in the context of mutual funds to determine the per share market value.

Dividend Income Distributions

These are payments made by a corporation to its shareholders, usually derived from the company's earnings.