In a dispute over a sale involving a bicycle, Dain argues that as to this deal Emory's Hobby Shop, where Dain bought the bike, is a merchant. A court may determine whether Emory's is a merchant by assessing whether

A. it has sold any bikes within the last year.
B. it holds itself out by occupation as having knowledge or skill unique to the bike in the transaction.
C. its owner enjoys biking.
D. it subscribes to Bike, a biweekly trade magazine.


Answer: B

Business

You might also like to view...

Operating assets exclude investments, land, and intangibles from the asset base

Indicate whether the statement is true or false

Business

Which of the following statements is NOT a valid rule for determining sample size?

a. Sample sizes larger than 30 and less than 500 are appropriate for most research. b. Sample sizes smaller than 30 and larger than 500 are inappropriate for most research. ? c. Sample size should be about 10 times larger than the number of variables measured in a study. d. With tight controls, experimental research can be successful with samples as small as 10.

Business

The following are defenses to the granting of workers compensation:

a) contributory negligence b) intentional injury c) assumption of risk d) all e) NOTA

Business

If a firm earns a net profit of $100,000 on sales of $2,000,000, its net profit margin is:

A. 5%. B. 10%. C. 15%. D. 3.5%. E. 1.5%.

Business