Lessee in ordinary course of business means a person who in good faith and without knowledge that the lease to him [or her] is in violation of the ownership rights or security interest or leasehold interest of a third party in the goods leases in ordinary course from a person in the business of selling or leasing goods of that kind but does not include a pawnbroker.

Question

Quizplus · Accepted Answer

The correct answer is "Lessee in ordinary course of business" because it refers to a person who leases goods in good faith, without knowing that the lease violates someone else's rights, from a business that normally sells or leases those kinds of goods.

Lessee in Ordinary Course of Business Means a Person Who