Course of Dealing Law and Legal Definition

A course of dealing is defined as "a sequence of conduct concerning previous transactions between the parties to a particular transaction that is fairly to be regarded as establishing a common basis of understanding for interpreting their expressions and other conduct." Park Western Fin. Corp. v. Phoenix Equip. Co. (In re Phoenix Equip. Co.), 2009 Bankr. LEXIS 3123, 24-25 (Bankr. D. Ariz. Sept. 30, 2009)