Which of the Following Parties Can Defeat a Perfected Security

question 31

Multiple Choice

Which of the following parties can defeat a perfected security interest?

• A)A "buyer in ordinary course of business."
• B)A buyer of consumer goods if the buyer is not aware of the security interest, gives value for the goods, will continue to use the goods as consumer goods, and the secured party has not filed a financing statement.
• C)A buyer who purchases chattel paper or an instrument in the ordinary course of business, and then takes possession.
• D)All of the above are correct.

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Definitions:

Dummy Variables

Binary variables used in regression models to represent categorical data, where the values 0 and 1 indicate the absence or presence of some categorical effect.

Qualitative Variable

A categorical variable that represents types or categories and can be described by names or labels.

High School

An educational institution that provides secondary education, typically for students aged 14 to 18 years old.

Regression Model

A statistical technique that models and analyzes the relationships between a dependent variable and one or more independent variables, used to predict the outcome of the dependent variable.