The Vermont Statutes Online
Uniform Commercial Code
2-104. Definitions: "merchant"; "between merchants";
"Merchant" means a person who deals in goods of the kind or otherwise
by his or her occupation holds himself or herself out as having knowledge or
skill peculiar to the practices or goods involved in the transaction or to whom
such knowledge or skill may be attributed by his or her employment of an agent
or broker or other intermediary who by his or her occupation holds himself or
herself out as having such knowledge or skill.
"Financing agency" means a bank, finance company or other person who
in the ordinary course of business makes advances against goods or documents of
title or who by arrangement with either the seller or the buyer intervenes in
ordinary course to make or collect payment due or claimed under the contract
for sale, as by purchasing or paying the seller's draft or making advances
against it or by merely taking it for collection whether or not documents of
title accompany or are associated with the draft. "Financing agency"
includes also a bank or other person who similarly intervenes between persons
who are in the position of seller and buyer in respect to the goods (§ 2-707).
"Between merchants" means in any transaction with respect to which
both parties are chargeable with the knowledge or skill of merchants. (Amended
2015, No. 51, § B.5, eff. June 3, 2015.)