A buyer in the ordinary course of business takes the goods free from any security interest created by the seller unless the buyer knows of its existence.
Correct Answer:
Verified
Q11: A security agreement can be filed to
Q12: If two conflicting security interests are unperfected,neither
Q13: In most states,a financing statement must be
Q14: A secured party can release any col?lateral
Q15: A floating lien "floats" with an item
Q17: A security interest is enforceable only if
Q18: The perfection of a security interest will
Q19: Proceeds from the disposition of collateral after
Q20: Where or how to perfect a security
Q21: The payment of Lewellyn's debt to Miklos
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