DenDen Electronics financed all of its inventory of a popular line of MP3 players from Condor Bank. Condor Bank properly perfected its security interest. Enrique purchases an MP3 player from DenDen Electronics. Enrique takes the MP3 player free from Condor Bank's security interest. As a result, if DenDen Electronics refuses to pay Condor Bank, Condor may not recover the MP3 player from Enrique.
BIOCOB
In the law of secured transactions, refers to a buyer in the ordinary course of business. In order to qualify as this the buyer must purchase particular goods in good faith, without knowledge that the sale violates another individual's rights in the goods, and the buyer must buy the goods in the ordinary course of business from someone who sells that particular type of goods.
