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:

Descending Colon

The part of the large intestine that descends from the splenic flexure to the sigmoid colon, involved in water and electrolyte absorption.

Hypopharynx

The lower part of the pharynx (throat) that lies just above the esophagus and larynx, important in the process of swallowing.

Tube-Like Structure

A hollow, cylindrical organ or formation in an organism that allows for the passage of substances.

Esophagus

The part of the alimentary canal that connects the throat to the stomach.