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The ordinary course of business defense to a preference claim: ordinary business terms count too! (Business Law).
Introduction
What is worse than being uninvited from your 30th high school reunion, a fate that recently befell the author when he questioned the price? A credit grantor's receipt of a demand for repayment of a preference, of course! But to be serious, even worse than receiving such a demand is not realizing that there are defenses to a preference claim that should reduce or eliminate the risk of liability.
Among the most confusing and frequently litigated defenses to a preference claim is the ordinary course of business defense. The meaning of one of the elements of the ordinary course of business defense, payment according to ordinary business terms, ...
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Source: HighBeam Research, The ordinary course of business defense to a preference claim:...