clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 2004
Volume 801, Page 451   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

ROBERT L. EHRLICH, JR., Governor                              Ch. 95

(8)     "Burden of establishing" a fact means the burden of persuading the
triers of fact that the existence of the fact is more probable than its nonexistence.

(9)     "Buyer in ordinary course of business" means a person that buys
goods in good faith, without knowledge that the sale violates the rights of another
person in the goods, and in the ordinary course from a person, other than a
pawnbroker, in the business of selling goods of that kind. A person buys goods in the
ordinary course if the sale to the person comports with the usual or customary
practices in the kind of business in which the seller is engaged or with the seller's own
usual or customary practices. A person that sells oil, gas, or other minerals at the
wellhead or minehead is a person in the business of selling goods of that kind. A buyer
in ordinary course of business may buy for cash, by exchange of other property, or on
secured or unsecured credit, and may acquire goods or documents of title under a
preexisting contract for sale. Only a buyer that takes possession of the goods from the
seller under Title 2 may be a buyer in ordinary course of business. A person that
acquires goods in a transfer in bulk or as security for or in total or partial satisfaction
of a money debt is not a buyer in ordinary course of business.

(10)   "Conspicuous"[: A], WITH REFERENCE TO A [term] TERM, [or clause
is conspicuous when it is] MEANS so written, DISPLAYED, OR PRESENTED that a
reasonable person against [whom] WHICH it is to operate ought to have noticed it. [A
printed heading in capitals (as: NONNEGOTIABLE BILL OF LADING) is
conspicuous. Language in the body of a form is "conspicuous" if it is in larger or other
contrasting type or color. But in a telegram any stated term is "conspicuous."]
Whether a term [or clause] is "conspicuous" or not is [for] A decision [by] FOR the
court. CONSPICUOUS TERMS INCLUDE THE FOLLOWING:

(A)     A HEADING IN CAPITAL LETTERS EQUAL TO OR GREATER IN
SIZE THAN THE SURROUNDING TEXT, OR IN CONTRASTING TYPE, FONT, OR COLOR TO
THE SURROUNDING TEXT OF THE SAME OR LESSER SIZE; AND

(B)     LANGUAGE IN THE BODY OF A RECORD OR DISPLAY IN LARGER
TYPE THAN THE SURROUNDING TEXT, OR IN CONTRASTING TYPE, FONT, OR COLOR
TO THE SURROUNDING TEXT OF THE SAME SIZE, OR SET OFF FROM SURROUNDING
TEXT OF THE SAME SIZE BY SYMBOLS OR OTHER MARKS THAT CALL ATTENTION TO
THE LANGUAGE.

(11)   "Contract" means the total legal obligation which results from the
parties' agreement as affected by Titles 1 through 10 of this article and any other
applicable rules of law (Compare "Agreement.")

(12)   "Creditor" includes a general creditor, a secured creditor, a lien
[creditor] CREDITOR, and any representative of creditors, including an assignee for
the benefit of creditors, a trustee in bankruptcy, a receiver in [equity] EQUITY, and
an executor or administrator of an insolvent debtor's or assignor's estate.

(13)   "Defendant" includes a person in the position of defendant in a cross
action or counterclaim.

- 451 -

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 2004
Volume 801, Page 451   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 11, 2023
Maryland State Archives