OPINION
MATTHEWS, Justice.
On January 8, 1977 Vickaryous bought forty-five head of cattle from Wright at an auction sale. His bid was $13,032.50. Unknown to Vickaryous at the time, the Farmer's Home Administration, the Northwest Livestock Production Credit Association, and the State of Alaska Revolving Loan Fund each held perfected and filed security interests on the cattle. However, they had consented to the auction sale of the cattle in conversations with...
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