Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson

Exercise 8

CPA QUESTION Under the UCC Secured Transactions Article, perfection of a security interest by a creditor provides added protection against other parties in the event the debtor does not pay its debts. Which of the following parties is not affected by perfection of a security interest? (a) Other prospective creditors of the debtor
(b) The trustee in a bankruptcy case
(c) A BIOC
(d) A subsequent personal injury judgment creditor