KRS 355.2-104: 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 advan ces 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 a dvances 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 (KRS 355.2-707).

(3) "Between merchants" means in any transaction with respect to which both parties

are chargeable with the knowledge or skill of merchants.