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In Reply to: Not necessarilly true...but not necessarilly false posted by AAG on March 26, 2006 at 19:09:12:
a person who buys at wholesale with the specific intent to sell at retail for a profit, without regard to the number of transactions involved. I could as easily imagine (and distinguish) someone who only sold 12 units of something a year being a merchant as someone who sold hundreds of something being a hobbiest who overbought his needs.Since you quote the FTC rules I assume you have access - how does the FTC define merchant?
Follow Ups:
I was trying to find the legal definition of merchant...but it's fairly vague. The best I could find was the dictionary def:1. One whose occupation is the wholesale purchase and retail sale of goods for profit.
2. One who runs a retail business; a shopkeeper.
a Black's Law Dictionary. That might help some.Based of the dictionary excerpts in your post I guess you would need to now define what constitutes an "occupation".
OK, checked a couple sources and this def came up multiple times but is probably quoting the same source...
merchantOne whose business it is to buy and sell merchandise; this applies to all persons who habitually trade in merchandise. 1 Watts & S. 469; 2 Salk. 445.
2. In another sense, it signifies a person who owns ships, and trades, by means of them, with foreign nations, or with the different States of the United States; these are known by the name of shipping merchants. Com. Dig. Merchant, A; Dyer, R. 279 b; Bac. Ab. h. t.
3. According to an old authority, there are four species of merchants, namely, merchant adventurers, merchant dormant, merchant travellers, and merchant residents. 2 Brownl. 99. Vide, generally, 9 Salk. R. 445; Bac. Ab. h. t.; Com. Dig. h. t.; 1 Bl. Com. 75, 260; 1 Pard. Dr. Com. n. 78
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