Idaho State Statutes - Idaho Attorney Directory

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 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.
(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 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
(section 28-2-707).
(3) "Between merchants" means in any transaction with respect to which
both parties are chargeable with the knowledge or skill of merchants.

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