CPA Reg Quiz
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BUSINESS LAW
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On November 1, 20X2, DealerCo (debtor) granted Bank A a security interest in all inventory and perfected by filing on November 1. On November 30, 20X2, DealerCo sold goods from inventory to Buyer M, who purchased in good faith as part of DealerCo's ordinary business and took possession immediately. After DealerCo defaulted on December 10, Bank A claimed the goods from Buyer M. Under Uniform Commercial Code Article 9, which party holds the superior claim to the goods?
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