Multiple Choice
Which of the following parties can defeat a perfected security interest?
A) A "buyer in ordinary course of business."
B) A buyer of consumer goods if the buyer is not aware of the security interest, gives value for the goods, will continue to use the goods as consumer goods, and the secured party has not filed a financing statement.
C) A buyer who purchases chattel paper or an instrument in the ordinary course of business, and then takes possession.
D) All of the above are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: If repossessed collateral is sold or otherwise
Q10: There is no way to attach a
Q18: To perfect a security interest in a
Q19: Florence borrows $1,500 from Fremont,leaving her gold
Q29: Which of the following is an example
Q35: A PMSI in consumer goods perfects automatically,without
Q35: All but which of the following may
Q36: When two creditors have a security interest
Q44: Wedney,Inc.has a purchase money security interest in
Q45: First Federal loaned Madeline $20,000 to purchase