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Auto Mart Sells New and Used Vehicles and Finances Its

Question 69

Multiple Choice

Auto Mart sells new and used vehicles and finances its inventory through ABC Bank.Finn purchases a new car from Auto Mart and receives good title free and clear of ABC's security interest.Which of the following is false?


A) Finn receives this protection to promote confidence in commercial transactions.
B) ABC is more interested in the proceeds from the sale rather than the inventory.
C) Finn is liable to ABC because ABC has superior title.
D) Finn is a buyer in the ordinary course of business.

Correct Answer:

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