A buyer in the ordinary course of business has priority unless a previously perfected security interest exists as to the goods.

Name: A buyer in the ordinary course of business has priority unless a previously perfected security interest exists as to the goods.
Brand: Quizplus
Rating: 4.7 (46 reviews)

Question

Quizplus · Accepted Answer

A buyer in the ordinary course of business generally takes goods free of a security interest created by the seller, even if the security interest is perfected and the buyer knows of its existence.

A Buyer in the Ordinary Course of Business Has Priority