Generally,a Buyer in the Ordinary Course of Business Can Take

question 24

Multiple Choice

Generally,a buyer in the ordinary course of business can take a property free from any security interest.Which of the following buyer is an exception?

• A) A person who is a consumer of durable goods.
• B) A person buying inventories from a wholesaler.
• C) A person buying farm products from a farmer.
• D) A person who is a consumer of perishable goods.

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Definitions:

Scarcity

A situation in which resources or goods are limited in availability, leading to increased value and demand.

Psychological Principle

Fundamental concepts or assumptions in psychology that explain behaviors, thoughts, and emotions.

Communications Model

A theoretical framework that describes the process of transferring information from a sender to a receiver through a medium.

Elements

Fundamental components or aspects that form the basic parts of a whole system, concept, or substance.