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:

Concept Formation

The mental process of categorizing information into meaningful groups or concepts, allowing for easier understanding and recall.

Conceptualization

The process of developing clear, rigorous, systematic ideas or theories about an aspect of the world or a study subject.

Syllogism

A form of logical reasoning where a conclusion is drawn from two given or assumed propositions (premises).

Inductive Reasoning

A method of reasoning in which general principles are inferred from specific observations.