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Ordinary Course - In united states law, the ordinary course of business (ocb) covers the usual transactions, customs and practices of a certain business and of a certain firm. The ordinary course of business refers to the standard practices and activities that a business engages in on a regular basis. This term is used particularly. In legal terms, ordinary course of business describes actions that are typical and expected for a business. A comment to the 1970 amendment to 26(b)(3) suggests that if a document has been prepared “in the ordinary course of business” it may not be found to have been prepared in anticipation. This article discusses recent cases in australia and globally that deal with this issue, and examines what actions, or inactions, of a business in response to unusual circumstances. Definition of ordinary course of business process followed in a trade or profession that is considered standard or usual ; In any business, this term is used for all those activities that are necessary and normal. This article focuses on the ordinary course of business (“ocb”) defense contained in section 547(c)(2) of the bankruptcy code, and the new value defense contained in section 547(c)(4). Conducting business in a consistent.

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This Article Discusses Recent Cases In Australia And Globally That Deal With This Issue, And Examines What Actions, Or Inactions, Of A Business In Response To Unusual Circumstances.

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