There Is a Newer Version of the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 21 - Short Title, General Construction and Subject Matter
Section 2104 - Definitions: "merchant"; "between merchants"; "financing agency."
§ 2104. Definitions: "merchant"; "between merchants";
"financing agency."
The following words and phrases when used in this division
shall have the meanings given to them in this section:
"Between merchants." Between merchants means in any
transaction with respect to which both parties are chargeable
with the knowledge or skill of merchants.
"Financing agency." Any 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 draft of the seller 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. The term 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 (see section 2707).
"Merchant." A person who:
(1) deals in goods of the kind; or
(2) otherwise by his occupation holds himself 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 employment of an agent or
broker or other intermediary who by his occupation holds
himself out as having such knowledge or skill.
(June 8, 2001, P.L.123, No.18, eff. July 1, 2001; Apr. 16, 2008,
P.L.57, No.13, eff. 60 days)
2008 Amendment. Act 13 amended the def. of "financing
agency."
Cross References. Section 2104 is referred to in sections
2103, 2A103, 9102 of this title.
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