Priority of a Secured Party vs a Buyer of Collateral

The video tutorial explains the priority of a buyer of collateral compared to the rights of a secured party. It details how a secured party's interest remains superior even after the debtor sells the collateral. However, there are three exceptions where the buyer can take the property free of the security interest: if the secured party authorizes the sale, if the buyer purchases in the ordinary course of business, or if a consumer buys consumer goods from another consumer without a filed financing statement.

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