Buyer-in-ordinary course of business, means a bona fide purchaser who in a normal or regular business procedure buys goods from a seller in the business of selling goods of that kind. Under the uniform commercial Code a buyer in a ordinary course of business takes the purchased goods free of the property interests of a third party. The consideration exchanged for the goods is restricted to cash, other property, or credit. The purchase also cannot be a transfer in bulk or serve as security for or satisfaction of a debt, Webster's Dictionary of Law, Indian Edn. (2005), p. 62.
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