A Buyer in the Ordinary Course of Business Has Priority

question 32

True/False

A buyer in the ordinary course of business has priority even if a previously perfected security interest exists as to the goods.

---

Definitions:

Nearest Dollar

Rounding a monetary amount to the closest whole dollar value.

Four-Figure Accuracy

Refers to the level of precision in a numerical value, rounded to four significant digits.

Repeating Decimal

A decimal in which one or more digits after the decimal point are repeated infinitely.

Percent Equivalent

A value expressed as a percentage that represents the proportion or ratio of two numbers in relation to each other.