A buyer in the ordinary course of business is a person who,with knowledge of another's ownership or security interest in goods buys the goods,in the ordinary course of business from a person in the business of selling goods of that kind.
Correct Answer:
Verified
Q32: A secured party may sell,lease,or otherwise dispose
Q33: Under no circumstance may a secured creditor
Q34: A certificate of filing indicates whether there
Q35: A financing statement can be filed regardless
Q36: A termination statement must be filed within
Q38: Once a secured consumer debt is paid,the
Q39: If a sale of collateral produces any
Q40: A "buyer in the ordinary course of
Q41: Which of the following is not personal
Q42: Which of the following elements must exist
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents