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Session Laws, 1963
Volume 671, Page 794   View pdf image (33K)
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796                               LAWS OF MARYLAND                        [CH. 538

"Lot". Section 2—105

"Merchant". Section 2104.

"Overseas". Section 2328.

"Person in position of seller". Section 2707.

"Present sale". Section 2106.

"Sale". Section 2—106.

"Sale on approval". Section 2326.

"Sale or return". Section 2326.

"Termination". Section 2106.

(3) The following definitions in other Sub-titles apply to this
Sub-title:

"Check". Section 3104
"Consignee". Section 7
102.
"Consignor". Section 7
102.
"Consumer goods". Section 9
109.
"Dishonor". Section 3
507.
"Draft". Section 3—104..

(4) In addition Sub-title 1 contains general definitions and prin-
ciples of construction and interpretation applicable throughout this
Sub-title.

2104. Definitions. "Merchant"; "Between Merchants"; "Financing
Agency".

(1)  "Merchant" means a person who deals in goods of the kind
or otherwise by his occupation holds himself out as having knowl-
edge or skill peculiar to the practice or goods involved in the trans-
action 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.

(2)  "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 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 (Section

2—707).

(3)  "Between merchants" means in any transaction with respect
to which both parties are chargeable with the knowledge or skill of
merchants.

2105. Definitions: Transferability; "Goods"; "Future" Goods;
"Lot"; "Commercial Unit".

(1) "Goods" means all things (including specially manufactured
goods) which are movable at the time of identification to the con-
tract for sale other than the money in which the price is to be paid,
investment securities (Sub-title 8) and things in action. "Goods" also


 

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Session Laws, 1963
Volume 671, Page 794   View pdf image (33K)
 Jump to  
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