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buyer definition - legal

n

One who buys or agrees to make a purchase. See also purchaser.
buyer in the ordinary course of business
A person who buys goods in the usual manner from a person in the business of selling such goods and who does so in good faith and without knowledge that the sale violates another personÂ’s ownership rights or security interest in the goods. Such a buyer will have good title to the item purchased. See also holder in due course.
ready, willing, and able buyer
A person who is legally and financially able and has the disposition to make a particular purchase.
straw buyer
See straw person (or man).

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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