What are the 3 questions that a buyer or seller must answer yes to in order...

What are the 3 questions that a buyer or seller must answer yes to in order to be considered a merchant

Expert Solution

Merchant is a person who deals in particular goods by his occupation, who holds himself to be having knowledge or skill attached to the goods or of the the practices relating to those particular goods.

Therefore, in order to be a merchant, buyer or seller must answer yes to following questions:

Does a person deal in particular goods?
Does he deal in such goods by occupation?
Does such dealing in goods holds him to be having knowledge or skill attached to the goods or practices involved in such transaction?

ekkarill92 answered 2 years ago

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