A Car Buyer in the Ordinary Course of Business Will

question 30

True/False

A car buyer in the ordinary course of business will take free and clear of a security interest created by any person who owned the automobile prior to the dealer.

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Definitions:

Independent

Not influenced or controlled by others in matters of opinion, conduct, thinking, or acting; relying on oneself or one's own capabilities, judgment, or resources.

Young Adulthood

A life stage typically ranging from late teens through twenties, often focused on exploring personal relationships, career, and identity.

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of human beings, emphasizing stages of identity and crisis throughout the lifespan.

Identity Cohesion

A psychological state where an individual’s sense of self is unified and consistent over time.