Examlex
Buyer in the Ordinary Course
An individual or entity that purchases goods in good faith, within the normal course of business from a seller who is in the business of selling such goods.
Good Faith
A legal principle that emphasizes honesty, fairness, and integrity in the fulfillment of contractual and legal obligations.
Sale of Goods
A transaction involving the transfer of ownership of tangible personal property from a seller to a buyer for a price.
Tangible Personal Property
Physical items that can be owned and have value, such as furniture, jewelry, and vehicles.
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