Solved

Which of the Following Statements About a Buyer in Ordinary

Question 38

Multiple Choice

Which of the following statements about a buyer in ordinary course of business (BIOC) is true?


A) The BIOC takes the goods and is liable for the attached security interest provided it has been perfected.
B) The BIOC takes the goods and is liable for the security interest if the goods are consumer goods.
C) The BIOC takes the goods free of a security interest even though the security interest is perfected.
D) None of the above is true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions