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.

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Definitions:

Factory Depreciation

The systematic allocation of the cost of a manufacturing plant over its useful life.

Advertising Budget

The financial allocation set aside by a business for promoting its products or brand.

Sales Budget

An estimate of the sales revenue a company aims to achieve in a certain period.