Protection of a Buyer in the Ordinary Course of Business

Protection of a Buyer in the Ordinary Course of Business

Assessment

Interactive Video

Business, Social Studies

University

Hard

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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.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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