Liquidating chapter 11 dating new zealand girls
(10) "Lease" means a transfer of the right to possession and use of goods for a term in return for consideration.A sale, including a sale on approval or a sale or return, or retention or creation of a security interest, is not a lease.Certain organizations known as liquidating trusts are treated as trusts under the Internal Revenue Code if (a) the liquidating trust is organized for the primary purpose of liquidating and distributing the assets transferred to it and (b) its activities must all be reasonably necessary to, and consistent with, the accomplishment of that purpose. (A) As used in sections 1310.01 to 1310.78 of the Revised Code, unless the context otherwise requires:(1) "Buyer in ordinary course of business" means a person who in good faith and without knowledge that the sale to the person is in violation of the ownership rights or security interest or leasehold interest of a third party in the goods buys in ordinary course from a person in the business of selling goods of that kind.Unless the context clearly indicates otherwise, "lease agreement" includes a sublease agreement.(12) "Lease contract" means the total legal obligation that results from the lease agreement as affected by sections 1310.01 to 1310.78 of the Revised Code and any other applicable rules of law.(6) "Fault" means wrongful act, omission, breach, or default.
Unless the context clearly indicates otherwise, "lessor" includes a sublessor.Unless the context clearly indicates otherwise, "lease contract" includes a sublease contract.(13) "Leasehold interest" means the interest of the lessor or the lessee under a lease contract.(14) "Lessee" means a person who acquires the right to possession and use of goods under a lease.
Unless the context clearly indicates otherwise, "lessee" includes a sublessee.
"Buyer in ordinary course of business" does not include a pawnbroker.