buyer in ordinary course of business

A person who — in good faith and without knowledge that the sale violates a third party’s ownership rights or security interest in the goods — buys from a person regularly engaged in the business of selling goods of that kind.

• Pawnbrokers are excluded from the definition. UCC § 1-201(b)(9). [Cases: Sales 234. C.J.S. Sales §§ 232–233, 235.]

---

词条贡献者

资深译员大智，毕业于美国一流的高级翻译学院，专注翻译各种与复杂诉讼有关的法律文件。