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In Morgan County Feeders V

Question 13

Multiple Choice

In Morgan County Feeders v. McCormick, the court determined that classifying a good as inventory, rather than equipment,


A) Meant that the security interest did not travel with the sale of the cows to a good faith buyer.
B) Meant that the security interest did indeed travel with the sale of the cows to a good faith buyer.
C) Meant that the security interest was illegal according to the UCC.
D) Meant that the purchaser had to assume the terms of the loan.

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