A Buyer in the Ordinary Course of Business Is a Person

question 17

True/False

A buyer in the ordinary course of business is a person who,with knowledge of another's ownership or security interest in goods buys the goods,in the ordinary course of business from a person in the business of selling goods of that kind.

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Definitions:

Socrates

An ancient Greek philosopher who is considered a founder of Western philosophy and is known for his Socratic method of question and answer.

Cultural Relativists

Adherents to the view that moral or ethical systems, which vary from culture to culture, are all equally valid and no one system is really "better" than any other.

Moral Absolutism

The thesis that at least some moral values and rules are universal. See absolutism.

Cultural Relativism

The view that cultures, as a matter of fact, have different views about what is morally right and wrong.