题目
题目
单项选择题

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

选项
A.If 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 new buyer obtains the good free of the security interest.
B.The security interest passes to the new buyer.
C.Regardless of whether the buyer is aware of the security interest, so long as the buyer purchases the good for his or her personal use, the security interest terminates if the sale to the new buyer is made before the original secured party files a financial statement.
D.The security interest immediately terminates.
E.If the buyer is not aware of the security interest, purchases the good for personal use or resale, and purchases good before the secured party files a financial statement, the buyer obtains the good free of the security interest.
查看解析

查看解析

标准答案
Please login to view
思路分析
The question asks which statement is correct regarding what happens when a buyer of a consumer good subject to a purchase-money security interest (PMSI) later sells the good. Option 1: 'If 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 new buyer obtains the good free of the security interest.' This aligns with the general rule that a consumer purchaser who buys for personal use before a financing statement is filed and without knowledge of the SI can take free of the secured interest. The rationale is that the perf......Login to view full explanation

登录即可查看完整答案

我们收录了全球超50000道考试原题与详细解析,现在登录,立即获得答案。

类似问题

Kate borrowed $100,000 from Bank on August 1 and gave it a security interest in the equipment she purchased with the money. Kate then filed for bankruptcy August 5 and listed Bank as a creditor. Bank perfected its security interest in the equipment on August 24. Which of the following is true?

Carol made a promissory note in the amount of $25,000 in favor of Barb on January 1 to be due in nine months. In exchange for a loan for her business, Barb granted Bank a security interest in this note on February 1 of the same year. Bank’s security interest in the note attached against Barb. Bank promptly filed a financing statement to perfect its interest in the note and did not take possession of the note. On February 15 of the same year, Barb negotiated the note to Jim for $23,500, and Barb then spent this money on her business. Jim had no reason to know or suspect that Barb had granted a security interest in the note to the Bank and took the instrument in good faith and without notice of any defenses to payment on the instrument or other claims of ownership. If Barb defaults on her loan and does not pay Bank, which party is entitled to the $25,000 note and why?

Regional Bank wants to perfect its security interest in timber growing on land owned by Standard Lumber, Inc. Most likely, a financing statement should be filed with:

Marie borrows money from the Midwest Bank to purchase an oven for the kitchen in her home, and the Midwest Bank immediately takes a security interest in the oven Marie purchases with the money. The Midwest Bank can perfect its security interest in the oven automatically upon attachment without filing a financing statement.

更多留学生实用工具

加入我们，立即解锁 海量真题 与 独家解析，让复习快人一步！