If a Buyer Purchases Chattel Paper or an Instrument in the Ordinary

question 2

Multiple Choice

If a buyer purchases chattel paper or an instrument in the ordinary course of business and he or she is unaware of any security interest in the good,the buyer obtains the good ________.

• A)subject to an unperfected security interest
• B)subject to a perfected security interest by possession
• C)subject to an automatically-perfected security interest
• D)subject to an automatically-perfected security interest and a perfected security interest by possession
• E)free of any security interest

---

Definitions:

Interracial Marriage

A marriage between partners who belong to different races or racialized ethnicities.

Racial Identification

The process by which individuals associate themselves with a particular racial group, often based on shared cultural, physical, or genetic characteristics.

Society

A group of people living together in a more or less ordered community with shared laws, traditions, and values.

Life Chances

The opportunities each individual has to improve their quality of life and realize their potential, heavily influenced by societal position.