Ask Question
20 September, 01:44

Quotient Financial Corporation is a secured party with a security interest in property owned by Retail Sales Company. Perfection of this security interest may not protect Quotient Financial against the claim of a bank. a buyer in the ordinary course of business. a subsequent lien creditor. a trustee in bankruptcy.

+2
Answers (1)
  1. 20 September, 05:41
    0
    a buyer in the ordinary course of business.

    Explanation:A security interest is a term used to describe the legal authority granted by a debtor (a person or organisation who is owing another a certain amount of money) to a creditor (a person or an organisation who is owed a certain amount of money by another) in order for him o her or the Organisation to take the legal possession of the property of the debtor which he or she or the Organisation used as a collateral if he fails according to the contract terms.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Quotient Financial Corporation is a secured party with a security interest in property owned by Retail Sales Company. Perfection of this ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers