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First Financial Corporation Is a Secured Party with a Security

Question 52

Multiple Choice

First Financial Corporation is a secured party with a security interest in property owned by Retail Sales Company.Perfection of this security in?ter?est may not protect First Financial against the claim of


A) a bank.
B) a buyer in the ordinary course of business.
C) a subsequent lien creditor.
D) a trustee in bankruptcy.

Correct Answer:

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