"Attachment" Occurs When a Secured Party Gives Value,the Debtor Has

question 79

Multiple Choice

"Attachment" occurs when a secured party gives value,the debtor has acquired rights in the collateral,and:

• A)the debtor has completed his obligation to pay.
• B)the collateral is delivered to the borrower.
• C)the debtor and secured party have an agreement.
• D)Both (a) and (b), are correct.

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Definitions:

Pension Benefits Standards Act

Legislation regulating private sector pension plans, setting minimum standards for funding, governance, and the rights of plan participants.

Private Pension Plan

A retirement plan established by an employer or a union that provides an income to employees after retirement, funded primarily through employer contributions.

GST

Goods and Services Tax; a value-added tax levied on most goods and services sold for domestic consumption.

Child Care Benefits

Assistance provided by employers or government entities to employees for child care, aiming to support working parents.