buyer in ordinary course of business
- An authentic purchaser who conducts a transaction in a usual or established business method to acquire goods from a merchant who typically sells those types of goods
- The grocery store buying fruits from a wholesaler is an example of a buyer in ordinary course of business.
- When a clothing boutique purchases new stock from a designer, it is acting as a buyer in ordinary course of business.
- An antique shop purchasing from an estate sale is considered a buyer in ordinary course of business.
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