Legal Question in Business Law in California
Uniform comercial code
Why does the UCC distinguish between merchants and non-merchants by holding merchants to a higher standard in some instances?
Asked on 2/08/09, 8:31 pm
2 Answers from Attorneys
Michael Stone
Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE
Re: Uniform comercial code
Merchants are supposed to be more sophisticated.
Answered on 2/08/09, 8:55 pm
Adam Telanoff
Telanoff & Telanoff
Re: Uniform comercial code
Because merchants are regularly engaged in the business of buying and selling, and are therefore assumed to have more knowledge and experience then the average person. They should be better able to understand the risks they face -- and better able to protect themselves.
Answered on 2/09/09, 11:27 am
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