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1 September, 09:24

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.

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  1. 1 September, 09:43
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    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.
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