Country Financial Corporation is a secured party with a security interest in property owned by Delta Farms. Perfection of this security interest may not protect Country 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.

Question

Quizplus · Accepted Answer

A buyer in the ordinary course of business generally takes goods free of a security interest created by the seller, even if the security interest is perfected.

Country Financial Corporation Is a Secured Party with a Security