A Buyer in the Ordinary Course of Business

question 29

Multiple Choice

A buyer in the ordinary course of business:

• A)is subject to the security interest created by his seller.
• B)takes free from the security interest created by the secured party.
• C)takes free from the security interest created by his seller.
• D)is subject to the security interest created by the secured party.

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Definitions:

Critical Assessment

The process of evaluating or analyzing something in detail, focusing on its merits and demerits.

Recording Information

The act or process of documenting or capturing data, observations, or events for future reference or analysis.

Efficiently

Achieving maximum productivity with minimal wasted effort or expense.

Effectively

In a manner that produces the intended result or a successful outcome, often implying efficiency and competence.