Under the UCC Secured Transactions Article,for a Security Interest to Attach,the

question 13

Multiple Choice

Under the UCC Secured Transactions Article,for a security interest to attach,the:

• A) debtor must agree to the creation of the security interest.
• B) creditor must properly file a financing statement.
• C) debtor must be denied of all rights in the collateral.
• D) creditor must take and hold the collateral.

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Definitions:

Pooling of Interest

An accounting method for mergers and acquisitions where the assets and liabilities of the combining companies are aggregated.

Synergy

The benefit that results when two or more agents work together to achieve something neither could have achieved on their own.

Incremental Net Gain

The increase in net profit resulting from a specific action, taking into account all associated costs and revenues.

Merger or Acquisition

A business strategy where two companies combine (merger) or one company purchases another (acquisition) to enhance competitive strengths or enter new markets.