Which of the following is true if a buyer of a consumer good subject to purchase-money security interest later sells the good?

Question

Quizplus · Accepted Answer

A)Under the UCC,as long as the buyer is not aware of the security interest,purchases the good for his or her personal use,and purchases the good before the secured party files a financing statement,the buyer obtains the good free of the security interest [UCC 9-320b)].Even though the secured party's interest in consumer goods perfects automatically,the secured party must have filed a financing statement to repossess a consumer good from another buyer.
B)Under the UCC,as long as the buyer is not aware of the security interest,purchases the good for his or her personal use,and purchases the good before the secured party files a financing statement,the buyer obtains the good free of the security interest [UCC 9-320b)].Even though the secured party's interest in consumer goods perfects automatically,the secured party must have filed a financing statement to repossess a consumer good from another buyer.
C)Under the UCC,as long as the buyer is not aware of the security interest,purchases the good for his or her personal use,and purchases the good before the secured party files a financing statement,the buyer obtains the good free of the security interest [UCC 9-320b)].Even though the secured party's interest in consumer goods perfects automatically,the secured party must have filed a financing statement to repossess a consumer good from another buyer.
D)Under the UCC,as long as the buyer is not aware of the security interest,purchases the good for his or her personal use,and purchases the good before the secured party files a financing statement,the buyer obtains the good free of the security interest [UCC 9-320b)].Even though the secured party's interest in consumer goods perfects automatically,the secured party must have filed a financing statement to repossess a consumer good from another buyer.
E)Under the UCC,as long as the buyer is not aware of the security interest,purchases the good for his or her personal use,and purchases the good before the secured party files a financing statement,the buyer obtains the good free of the security interest [UCC 9-320b)].Even though the secured party's interest in consumer goods perfects automatically,the secured party must have filed a financing statement to repossess a consumer good from another buyer.

Which of the Following Is True If a Buyer of a Consumer