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  3. Study Set
    Essentials of Business Law and the Legal Environment Study Set 2
  4. Exam
    Exam 37: Secured Transactions and Suretyship
  5. Question
    A Buyer in the Ordinary Course of Business Takes Collateral
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A Buyer in the Ordinary Course of Business Takes Collateral

Question 58

Question 58

True/False

A buyer in the ordinary course of business takes collateral (other than farm products) free of any security interest created by the buyer's seller, even if the security interest is perfected and the buyer knows of its existence.

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