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.

---

Definitions:

Warranties on Presentment

Guarantees made by a seller or issuer to a presenting party, typically regarding the validity or quality of a negotiable instrument at the time it’s presented.

HR

An abbreviation for Human Resources, referring to the department responsible for managing aspects of employment such as recruitment, training, and compliance.

Department Managers

Individuals responsible for overseeing the operations, personnel, and resources of a specific department within an organization to achieve its goals.

Wage Complaints

Grievances filed by employees or labor groups concerning unpaid wages, underpayment, or violations of minimum wage laws.