usual course of business

usual course of business
Business according to the usages and customs of commercial transactions. 11 Am J2d B & N § 411. As applied to the indorsement of commercial paper, the term may be said generally to include the concurrent indorsement and delivery for value under such circumstances that a business man of ordinary intelligence and capacity would give his money, goods, or credit for it when offered for the purpose for which this was transferred; and it would not be in due course if such a person would at once suspect the integrity of the paper itself, or the credit and standing of the party offering it. Matlock v Scheuerman, 51 Or 49, 93 P 823.

Ballentine's law dictionary. . 1998.

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  • course of business — What is usually and normally done in the management of trade or business. See also course of dealing regular course of business. In worker s compensation acts, the usual course of business of the employer covers the normal operations which form… …   Black's law dictionary

  • course of business — What is usually and normally done in the management of trade or business. See also course of dealing regular course of business. In worker s compensation acts, the usual course of business of the employer covers the normal operations which form… …   Black's law dictionary

  • usual course of trade — The usual course of business. 11 Am J2d B & N § 411 …   Ballentine's law dictionary

  • gratuities received in the usual course of business — Tips received by an employee in work, such as that of a waiter in a restaurant, a bell hop, or porter, at a place where it is customary for customers or guests to give gratuities and for the employee to keep them as part of his compensation. 58… …   Ballentine's law dictionary

  • ordinary course of business — ordinary course of business: the usual manner and range of a business esp. considered in relation to the amount, circumstances, and validity of a particular transfer the bankruptcy trustee voided a transfer that was not in the ordinary course of… …   Law dictionary

  • Ordinary course of business — In law, the ordinary course of business covers the usual transactions, customs and practices of a certain business and of a certain firm. This term is used particularly to judge the validity of certain transactions. It is used in several… …   Wikipedia

  • business — Employment, occupation, profession, or commercial activity engaged in for gain or livelihood. Activity or enterprise for gain, benefit, advantage or livelihood. Union League Club v. Johnson, 18 Cal.2d 275, 108 P.2d 487, 490. Enterprise in which… …   Black's law dictionary

  • business — Employment, occupation, profession, or commercial activity engaged in for gain or livelihood. Activity or enterprise for gain, benefit, advantage or livelihood. Union League Club v. Johnson, 18 Cal.2d 275, 108 P.2d 487, 490. Enterprise in which… …   Black's law dictionary

  • business organization — Introduction       an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation.       Business enterprises… …   Universalium

  • business — busi‧ness [ˈbɪzns] noun COMMERCE 1. [uncountable] the production, buying, and selling of goods or services for profit: • Students on the course learn about all aspects of business. • We are in business to create profit. • The company says it… …   Financial and business terms

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