The Method by Which a Secured Party Obtains a Priority

question 61

True/False

The method by which a secured party obtains a priority interest in a debtor's collateral is attachment.

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Definitions:

Rehearsal

Mnemonic strategy to keep an item in working memory through conscious repetition.

Memory

The cognitive process of encoding, storing, and retrieving information, allowing individuals to learn and adapt from past experiences.

Repetition

The act of doing or saying something again, often for practice, memorization, or emphasis.

Elaboration

Mnemonic strategy of making mental associations involving items to be remembered.