Asked by jimiesha archie on Jul 07, 2024
Verified
Anna runs a business in Oklahoma and purchases goods to stalk her store every month from her supplier Glenn in Michigan. Anna would be considered a(n)
A) buyer in the typical course of business.
B) approved buyer.
C) approved buyer in the ordinary course of business.
D) buyer in the ordinary course of business.
E) exchanger in the typical course of business.
Buyer In Ordinary Course Of Business
Describes a purchaser who buys goods in good faith and without knowledge that the sale violates another party's ownership rights or interests.
- Acquire knowledge on the notion and variability of secured claims against collateral, inclusive of proceeds arising out of the collateral disposal.
Verified Answer
NG
Nazih GhqndourJul 09, 2024
Final Answer :
D
Explanation :
Anna is purchasing goods regularly from her supplier for her store, which is a routine part of running her business. This makes her a "buyer in the ordinary course of business," as it involves regular transactions that are typical for maintaining her business operations.
Learning Objectives
- Acquire knowledge on the notion and variability of secured claims against collateral, inclusive of proceeds arising out of the collateral disposal.
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