Ohio Revised Code Search

...c means to pay an account or register a purchase or warranty. (C) Divisions (A) and (B) of this section apply to every transaction described in those divisions notwithstanding any other provision of this chapter. This section shall not be varied by agreement. (D) For purposes of this section: (1) "Consumer" means an individual who is involved in a transaction primarily for personal, family, or household purposes....

...lecting bank or other intermediary has purchased or made advances against the claim or draft to be collected.

...securities intermediary or a person who purchases a security entitlement or interest therein from an entitlement holder. (C) The local law of the jurisdiction in which a security certificate is located at the time of delivery governs whether an adverse claim can be asserted against a person to whom the security certificate is delivered. (D) "Issuer's jurisdiction" means the jurisdiction under which the issuer of th...

...ification of a contract for the sale or purchase of a security is enforceable whether or not there is a writing signed or record authenticated by a party against whom enforcement is sought, even if the contract or modification is not capable of performance within one year of its making.

...visions (B) and (C) of this section, a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer. (B) A purchaser of a limited interest acquires rights only to the extent of the interest purchased. (C) A purchaser of a certificated security who as a previous holder had notice of an adverse claim does not improve its position by taki...

...cured transaction: (a) That creates a purchase-money security interest in a manufactured home, other than a manufactured home held as inventory; or (b) In which a manufactured home, other than a manufactured home held as inventory, is the primary collateral. (55) "Mortgage" means a consensual interest in real property, including fixtures, that secures payment or performance of an obligation. (56) "New debto...

... are perfected when they attach: (A) A purchase money security interest in consumer goods, except as otherwise provided in division (B) of section 1309.311 of the Revised Code with respect to consumer goods that are subject to a statute or treaty described in division (A) of section 1309.311 of the Revised Code; (B) An assignment of accounts or payment intangibles that does not by itself or in conjunction with othe...

... financing statement with respect to a purchase money security interest before or within twenty days after the debtor receives delivery of the collateral, the security interest takes priority over the rights of a buyer, lessee, or lien creditor that arise between the time the security interest attaches and the time of filing.

...ty and: (1) The security interest is a purchase money security interest; (2) The interest of the encumbrancer or owner arises before the goods become fixtures; and (3) The security interest is perfected by a fixture filing before the goods become fixtures or within twenty days thereafter. (E) A perfected security interest in fixtures has priority over a conflicting interest of an encumbrancer or owner of the re...

...ng of this section. A secured party may purchase at the sale and after the sale may hold the collateral free of any other requirements of this chapter. (G) Except as provided in division (C) of section 1309.607 of the Revised Code, sections 1309.601 to 1309.628 of the Revised Code do not impose any duties upon a secured party who is a consignor or a buyer of accounts, chattel paper, payment intangibles, or pro...

... on any terms. (C) A secured party may purchase collateral: (1) At a public disposition; or (2) At a private disposition, but only if the collateral is of a kind that is customarily sold on a recognized market or the subject of widely distributed standard price quotations. (D) A contract for a sale, lease, license, or other disposition includes the warranties relating to title, possession, quiet enjoyment, and th...

...ts functions and powers relating to the purchase and sale of securities; receipt, deposit, and investment of taxes, assessments, and other funds raised for the payment of bonds and funded debts; the application of such funds to the payment of bonds and other indebtedness; and all its other powers and functions as set forth in such laws shall be transferred to the treasurer of the county, municipal corporation, or sch...

...e been delivered under a transaction of purchase, the lessor has that power even though any of the following applies: (1) The lessor's transferor was deceived as to the identity of the lessor. (2) The delivery was in exchange for a check that is later dishonored. (3) It was agreed that the transaction was to be a "cash sale." (4) The delivery was procured through fraud punishable as a theft offense under Chapter ...

... basis of an action for damages. (D) A purchaser who purchases in good faith from a lessee pursuant to this section or section 1310.58 of the Revised Code takes the goods free of any rights of the lessor and the supplier even though the lessee fails to comply with one or more of the requirements of sections 1310.01 to 1310.78 of the Revised Code.

...n 1310.64 of the Revised Code or is by purchase or otherwise, the measure of damages for nondelivery or repudiation by the lessor or for rejection or revocation of acceptance by the lessee is the present value, as of the date of the default, of the then market rent minus the present value, as of the same date, of the original rent, computed for the remaining lease term of the original lease agreement, together ...

...s held by any person under contracts of purchase, whether in writing or otherwise. (B) "Material supplier" includes any person by whom any materials are furnished in furtherance of an improvement. (C) "Laborer" includes any mechanic, worker, artisan, or other individual who performs labor or work in furtherance of any improvement. (D) "Subcontractor" includes any person who undertakes to construct, alter, erect, ...

...ent: "To Lien Claimants and Subsequent Purchasers: Take notice that labor or work is about to begin on or materials are about to be furnished for an improvement to the real property described in this instrument. A person having a mechanics' lien may preserve the lien by providing a notice of furnishing to the above-named designee and the above-named designee's original contractor, if any, and by timely recording a...

...anging, or negotiating or soliciting a purchase, sale, resale, exchange, or transfer of an agricultural product. (3) "Agricultural product handler" or "handler" means any person who is engaged in the business of agricultural product handling, except that a person who sells only those agricultural products that the person has produced, or buys agricultural products for the person's own use, is not an agricultur...

...As used in sections 1311.85 to 1311.93 of the Revised Code: (A) "Broker" means an individual, partnership, corporation, or association licensed as a real estate broker pursuant to Chapter 4735. of the Revised Code. (B) "Commercial real estate" means any parcel of real estate in this state other than real estate containing one to four residential units. "Commercial real estate" does not include single-family ...

...ty. (4) A lien affidavit based on the purchase of lien property shall be recorded within ninety days after the conveyance of the lien property. (5) A lien affidavit based on a lease of lien property shall be recorded within ninety days after a default by the owner in the payment of an amount due under a written contract for services related to leasing the lien property. (6) Within three days of the recording of...

... real property to secure the payment of purchase money, or a part thereof, the probate court shall order its sale free from the contingent right of dower of such wife, and shall determine the just and reasonable value of her dower interests in the proceeds of sale remaining after the payment of such encumbrances as preclude her right to dower therein.

...t other than upon real property for the purchase money thereof, are of no force or validity as against such claims for labor, in case of assignment, to the extent provided in this section.

...ers' acceptances, that are eligible for purchase by member banks of the federal reserve system; (4) Any investment bearing a rating of one of the three highest grades as defined by a nationally recognized organization that rates securities; (5) Investment securities that are obligations of the United States or its agencies or instrumentalities; obligations that are guaranteed fully as to principal and interest by t...

...he Revised Code, a buyer who executes a purchase money loan installment note or a retail installment contract in connection with a consumer transaction may assert against any holder, assignee, or transferee of the note or contract, specifically including any holder in due course, as defined in section 1303.32 of the Revised Code, of the note or contract any defense that the buyer may assert against the seller that is...

...spect to a single item or related items purchased at the same time, with intent to obtain a higher charge than would otherwise be permitted by Chapter 1317. of the Revised Code or to avoid disclosure of an annual percentage rate, nor by use of such agreements make any charge greater than that which would be permitted by Chapter 1317. of the Revised Code had a single agreement been used.