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A Secondhand Buyer of Consumer Goods That Were Subject to a Purchase

Question 88

Multiple Choice

A secondhand buyer of consumer goods that were subject to a purchase money security interest in the hands of the original buyer takes those goods free of the purchase money security interest:


A) under no circumstances
B) so long as the original creditor perfected by automatic perfection
C) so long as the original creditor perfected by filing a financing statement
D) if the original creditor did not file a financing statement and the secondhand buyer does not have actual or constructive notice of the security interest
E) in all circumstances

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