Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson

Exercise 15

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