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:

Late 19th Century

The period from 1871 to 1900, marked by significant industrial, social, and political changes globally.

Social Darwinism

A theory that applies the concept of survival of the fittest to human societies, often used to justify political conservatism, imperialism, and racism.

Economic Development

The sustained, concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area.

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