A Buyer in the Ordinary Course of Business Has Priority

question 22

True/False

A buyer in the ordinary course of business has priority unless a previously perfected security interest exists as to the goods.

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Definitions:

Plessy v. Ferguson

The 1896 Supreme Court decision that upheld racial segregation under the "separate but equal" doctrine, later overturned by Brown v. Board of Education in 1954.

Racial Segregation

The systemic separation of people into racial or ethnic groups in daily life, including housing, education, and employment.

Jim Crow Laws

Racial segregation laws enacted between the late 19th and mid-20th centuries in the Southern United States, enforcing racial discrimination against African Americans.

Reconstruction

The period (1865-1877) following the American Civil War, during which the Southern states were reorganized and reintegrated into the Union.