Bayou Financial Corporation Holds a Security Interest in Property Owned

question 69

Multiple Choice

Bayou Financial Corporation holds a security interest in property owned by Cajun Farms. Perfection of this security interest may not protect Bayou against the claim of

• A)a bank.
• B)a buyer in the ordinary course of business.
• C)a subsequent lien creditor.
• D)a trustee in bankruptcy.

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Definitions:

Continuous French Presence

Refers to the ongoing influence or physical presence of France or French culture in a specific area over an extended period.

Institution of Nobility

The structured system or establishment of noble classes within a society, often hereditary, that enjoys certain privileges, titles, and social statuses.

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.