What Must Be in Place in Order for 'Attachment' to Occur

question 15

Multiple Choice

What must be in place in order for 'attachment' to occur?

• A) The secured party has physical possession of the collateral.
• B) The secured party has registered a financing statement.
• C) The secured party has provided valuable consideration.
• D) The debtor has signed a promissory note in favour of the creditor.

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Definitions:

Market Share

The portion of a market controlled by a particular company or product, usually expressed as a percentage of total sales in that market.

Postponement

A strategy where the final assembly or customization of a product is delayed until the latest possible time to reduce inventory costs and respond to customer demand more precisely.

Backward Integration

A type of vertical integration where a company expands its role to fulfill tasks formerly completed by businesses up the supply chain.

Horizontal Integration

A strategy where a company acquires or merges with other companies at the same level of the supply chain in the same or different industries, to increase market share or product offerings.