Which of the Following Statements About a Buyer in Ordinary

question 38

Multiple Choice

Which of the following statements about a buyer in ordinary course of business (BIOC) is true?

• A)The BIOC takes the goods and is liable for the attached security interest provided it has been perfected.
• B)The BIOC takes the goods and is liable for the security interest if the goods are consumer goods.
• C)The BIOC takes the goods free of a security interest even though the security interest is perfected.
• D)None of the above is true.

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Definitions:

Unemployment Rate

The unemployment rate represents the proportion of the workforce that is without a job and actively looking for work.

Guns Production

The manufacture of firearms and related materials, often considered in discussions of military spending or gun control policies.

Butter Production

The process of turning cream into butter, typically through churning, forming a solid dairy product used in various cuisines.

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision.