The buyer can obtain the good involved free of any security interest, if a buyer purchases chattel paper in the ordinary course of business and without notice of any prior security interest.
Correct Answer:
Verified
Q15: The UCC defines default as when a
Q16: A bank taking possession of collateral does
Q17: A person or party that has an
Q18: _ is the person or the party
Q19: The creditor must perfect a security interest
Q21: According to the UCC, which of the
Q22: Which of the following under the UCC
Q23: How long does a secured party's interest
Q24: Which of the following is true under
Q25: The term _ is the designation for
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