Cengage Advantage Books: Essentials of Business Law 5th Edition by Jeffrey Beatty,Susan Samuelson

Exercise 13

CPA QUESTION: Under the UCC Secured Transactions Article, perfection of a security interest by a creditor provides added protection against other parties if the debtor does not pay its debts. Which of the following parties is not affected by perfection of a security interest
(a) Other prospective creditors of the debtor
(b) The trustee in a bankruptcy case
(c) A buyer in the ordinary course of business
(d) A subsequent personal injury judgment creditor