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:

Deindividuation

A psychological state where an individual loses self-awareness and self-restraint, often occurring within group settings.

Inhibitions

Mental or psychological processes that restrain or hold back one's actions, emotions, or thoughts.

Milgram's Obedience Experiments

Milgram's obedience experiments were a series of studies that demonstrated people's willingness to obey authority figures, even to the extent of inflicting harm on others.

Learning

The acquisition of knowledge or skills through experience, study, or being taught.