Knowledge (XXG)

Ordinary course of business

Source 📝

87: 31:) covers the usual transactions, customs and practices of a certain business and of a certain firm. This term is used particularly to judge the validity of certain transactions. It is used in several different sections of the 128: 147: 157: 121: 70:
in the kind of business in which the seller is engaged or with the seller's own usual or customary practices.
32: 114: 152: 20: 98: 38: 141: 52:
without knowledge that the sale violates the rights of another person in the goods ,
86: 56: 46: 41:
defines a "Buyer in the ordinary course of business" by a four-part test:
66:
A person buys goods in the ordinary course if the sale to the person
94: 102: 55:
and in the ordinary course from a person, other than a
68:comports with the usual or customary practices 122: 61:in the business of selling goods of that kind 8: 39:Section 1-201 of the Uniform Commercial Code 129: 115: 7: 83: 81: 101:. You can help Knowledge (XXG) by 14: 85: 1: 45:a person that buys goods in 25:ordinary course of business 174: 148:American legal terminology 80: 158:Legal terminology stubs 33:Uniform Commercial Code 35:of the United States. 110: 109: 21:United States law 165: 131: 124: 117: 89: 82: 173: 172: 168: 167: 166: 164: 163: 162: 138: 137: 136: 135: 78: 17: 12: 11: 5: 171: 169: 161: 160: 155: 150: 140: 139: 134: 133: 126: 119: 111: 108: 107: 90: 76: 75: 72: 71: 64: 53: 50: 15: 13: 10: 9: 6: 4: 3: 2: 170: 159: 156: 154: 151: 149: 146: 145: 143: 132: 127: 125: 120: 118: 113: 112: 106: 104: 100: 97:article is a 96: 91: 88: 84: 79: 74: 73: 69: 65: 62: 58: 54: 51: 48: 44: 43: 42: 40: 36: 34: 30: 26: 22: 153:Business law 103:expanding it 92: 77: 67: 60: 37: 28: 24: 18: 16:Term in law 142:Categories 95:legal term 57:pawnbroker 47:good faith 23:, the 93:This 99:stub 29:OCB 19:In 144:: 59:, 130:e 123:t 116:v 105:. 63:. 49:, 27:(

Index

United States law
Uniform Commercial Code
Section 1-201 of the Uniform Commercial Code
good faith
pawnbroker
Stub icon
legal term
stub
expanding it
v
t
e
Categories
American legal terminology
Business law
Legal terminology stubs

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.