The Law Dictionary

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COURSE OF BUSINESS Definition & Legal Meaning

Definition & Citations:

Commercial paper is said to be transferred, or sales alleged to have been fraudulent may be shown to have been made, “in the course of business,” or “in the usual and ordinary course of business,” when the circumstances of the transaction are such as usually and ordinarily attend dealings of the same kind and do not exhibit any signs of haste, secrecy, or fraudulent intention. Walbrun v. Babbitt, 10 Wall. 581. 21 L. Ed. 489; Clough v. Patrick, 37 Vt. 429; Brooklyn, etc., It. Co. v. National Bank, 102 U. S. 14, 20 L. Ed. 01.


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