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The Gulf City Seafoods test allows for some late payments, as seen by its language that warns against enforcing "strict conformity" or requiring"identicaltransactions. The question under Gulf City Seafoods is whether the 60-day delay fails to be in the ordinary course of business because it is so out of line with what others do.
February 06, 2006 at 12:00 AM
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The original version of this story was published on Texas Lawyer
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