A Security Interest May Attach to Intangible Collateral but Cannot

question 19

True/False

A security interest may attach to intangible collateral but cannot be perfected.

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Definitions:

Spring

A place where groundwater flows out of the ground onto the surface.

Spring

A natural flow of groundwater emerging at the surface, typically where the water table meets the ground surface.

Groundwater Flow

The movement of water underground through the spaces in soil, sand, and rocks, which plays a critical role in the hydrologic cycle and water supply.

Water Table

The upper level of an underground surface where the soil or rocks are permanently saturated with water, marking the boundary between the water-saturated ground and unsaturated ground above.