A Buyer of Goods Who Buys Without Knowledge of a Security

question 16

Multiple Choice

A buyer of goods who buys without knowledge of a security interest,for value,and primarily for personal,family,or household purposes takes the goods:

• A) subject to any purchase money security interest automatically perfected.
• B) subject to all security interests in the goods.
• C) free of any purchase money security interest automatically perfected.
• D) free of a security interest perfected by filing.

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Definitions:

Unique Situation

A scenario or set of circumstances that is distinct and not identical to any others, often requiring tailored solutions.

Ethics Double Check

A process of reviewing decisions or actions to ensure they align with ethical standards and principles.

Ethical Decision Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.

Managerial Decisions

The process by which managers select a course of action among several alternatives to achieve organizational goals.