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.

---

Definitions:

Complexity

Characterized by a state of being intricate, detailed, or involving multiple interconnected elements, often challenging to understand or resolve.

Bachelor's Degree

An undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six years (depending on institution and academic discipline).

Dichotomous Thinking

A cognitive process that categorizes options or opinions into two distinct and mutually exclusive groups, such as "good or bad" and "right or wrong."

Functional Significance

The practical importance or implications of a phenomenon, behavior, structure, or gene in terms of its adaptive value and survival.