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Ordinary Course
A term used in business and law to refer to the normal conduct of business and operations.
Clear Title
A title to property or assets that is free of liens, disputes, or legal questions, ensuring unobstructed ownership.
Good Faith Purchaser
A Good Faith Purchaser is someone who buys property without knowledge of any existing claims or encumbrances against it, thus acquiring legal rights to the property.
Voidable Title
A legal term referring to a situation where a transfer of title to property can be invalidated due to certain circumstances, such as fraud or misrepresentation, giving the affected party the right to void the transaction.
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