Jason Is the Creditor in a Transaction with Carol,who Is

question 61

Multiple Choice

Jason is the creditor in a transaction with Carol,who is the debtor.Which of the following requirements is NOT necessary for Jason to have an enforceable security interest?

• A)The collateral must be in Jason's possession,or there must be a written security agreement.
• B)Jason must give value to Carol.
• C)Carol must have rights to the collateral.
• D)The collateral must be tangible.

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