A buyer in the ordinary course of business takes free of all security interests in the collateral.
Correct Answer:
Verified
Q2: Accessions are goods that are physically united
Q3: A person who owes money to another
Q4: A chattel mortgage refers to a debt
Q5: A judicial bond is an assurance, generally
Q6: After-acquired property refers to the proceeds received
Q7: A creditor who first files a financing
Q8: A written security agreement is not needed
Q9: A surety is a person who promises
Q10: A financing statement requires the debtor's signature,
Q11: "Perfection" is required before the secured party
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