Article 54 - Knowledge

(1) A Person is treated as having knowledge of a fact:
(A) of which he has actual knowledge;
(B) of which he might reasonably have been expected to acquire actual knowledge from facts observed or ascertained by him;
(C) if an agent of his who is under a duty to communicate that fact to him has actual knowledge of that fact; or
(D) if a Qualifying Individual in relation to that Person has actual knowledge of that fact.
(2) The filing of a Financing Statement does not constitute constructive notice or constructive or actual knowledge of its existence or contents to any Person.
(3) A purchaser of Collateral is not required to enquire whether:
(A) a Security Interest has been created or provided for in the Collateral; or
(B) whether the sale violates the terms of a Security Agreement.