Asked by Harry Singh on Apr 24, 2024
Verified
Which party routinely buys goods in good faith from a person who routinely sells such goods?
A) A commercial purchaser
B) A non-commercial purchaser
C) A course of dealings purchaser
D) A buyer in the ordinary course of business
E) A holder of goods in due course
Buyer in the Ordinary Course of Business
A term that describes a purchaser who buys goods in good faith from a seller who routinely deals in such goods, without knowledge that the sale violates the rights of a third party.
Good Faith
Honesty in fact.
Goods
All physically existing things that are movable at the time of identification to the contract for sale.
- Identify the varieties of collateral and merchandise present in secured exchanges.
Verified Answer
NH
Nguy?n Huy ThànhMay 02, 2024
Final Answer :
D
Explanation :
A buyer in the ordinary course of business is a person who routinely buys goods in good faith from a person who routinely sells these goods.
Learning Objectives
- Identify the varieties of collateral and merchandise present in secured exchanges.
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