A Security Interest Is Said to Attach Once Three of the Following

question 12

Multiple Choice

A security interest is said to attach once three of the following requirements are fulfilled. Which of the following is NOT one of the three necessary requirements?

• A) The secured party has given something of value.
• B) The debtor has rights in the collateral.
• C) The creditor has filed a financing statement signed by the debtor.
• D) Either the collateral is in the possession of the secured party or the security agreement is in a writing which contains a description of the collateral and is signed by the debtor.

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Definitions:

Major Depressive Episode

A period characterized by a severely depressed mood and/or loss of interest or pleasure in life's activities, lasting for at least two weeks.

Symptoms

Signs or indicators of a medical condition or disease, often reported by the patient.

Pathological Behaviors

Actions or reactions that are maladaptive and indicative of some form of psychological disorder.

Alcohol

A psychoactive substance commonly consumed in beverages that can alter mood and behavior.