With Regard to a Prior Perfected Security Interest in Goods

question 84

Multiple Choice

With regard to a prior perfected security interest in goods for which a financing statement has been filed,which of the following parties is most likely to have a superior interest in the same collateral?

• A)A buyer in the ordinary course of business who purchased the goods from a merchant
• B)A subsequent buyer of consumer goods who purchased the goods from another customer
• C)The trustee in bankruptcy of the debtor
• D)Lien creditors of the debtor

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Definitions:

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The total expenditure by household consumers on goods and services, excluding savings and loan repayments.

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The time period stretching back from the current date to a decade ago.

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Intangible products that cannot be stored, touched, or seen and are consumed at the point of delivery, such as healthcare, education, and financial advising.