Merchant
Article 1
- (1)
-
For the purposes of this Law a merchant shall mean any natural or legal person engaged by occupation in any of the following transactions:
- 1.
- purchasing goods or other chattels for the purpose of reselling them in their original, processed or finished form;
- 2.
- sale of one's own manufactured goods;
- 3.
- purchasing securities for the purpose of reselling them;
- 4.
- commercial agency and brokerage;
- 5.
- commission, forwarding and transportation transactions;
- 6.
- insurance transactions;
- 7.
- banking and foreign-exchange transactions;
- 8.
- bills of exchange, promissory notes and cheques;
- 9.
- warehousing transactions;
- 10.
- licence transactions;
- 11.
- supervision of goods;
- 12.
- transactions in intellectual property;
- 13.
- hotel operation, tourist, advertising, information, entertainment, impresario and other services;
- 14.
- purchase, construction or furnishing of real property for the purpose of sale;
- 15.
- leasing.
- (2)
-
Merchants are:
- 1.
- the companies;
- 2.
- the cooperatives, except housing cooperatives.
- (3)
- Any person which has established a business, which in accordance with its purposes and volume requires that its activities be conducted on a commercial basis even if not listed under paragraph 1, shall also be deemed a merchant.
Persons Who Are Not Merchants
Article 2
The following shall not be deemed merchants:
- 1.
- natural persons engaged in farming;
- 2.
- artisans, persons providing services through their own labor or members of the professions, except where their activity may be defined as a business within the meaning of Article 1, paragraph 3;
- 3.
- persons providing hotel services by letting rooms in their own home.
