Asked by Harry Singh on Apr 24, 2024

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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.
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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.