A retailer of consumer goods who relies on attachment of a security interest to perfect it does not prevail over a bona fide purchaser:
A)who has knowledge of the security interest.
B)who gives value for the goods.
C)who buys goods for household use.
D)who resells the good in the absence of a financing statement.

Question

Quizplus · Accepted Answer

The retailer does not prevail over someone who buys the collateral from the debtor if the buyer (1)has no knowledge of the security interest; (2)gives value for the goods;and (3)buys the goods for his personal,family,or household use [UCC 9-320(b)].

A Retailer of Consumer Goods Who Relies on Attachment of a Security