Protection of a Buyer in the Ordinary Course of Business

The video explains the concept of a buyer in the ordinary course of business, who can purchase collateral free of a security interest if certain conditions are met. These conditions include purchasing in good faith, without notice of violating another party's security interest, and ensuring the sale is authorized. The seller must regularly sell goods of that kind, and the buyer must believe they are purchasing in the ordinary course of business.

How does the regularity of the seller's business affect the buyer's status as a buyer in the ordinary course?

Describe the conditions under which a purchaser can take collateral free and clear of the original secured party's security interest.