A Security Interest Is Not Enforceable After the Creditor's Rights

question 28

True/False

A security interest is not enforceable after the creditor's rights have at?tached to the collateral.

---

Definitions:

Lend-Lease

A program during World War II in which the United States supplied allied nations with vast amounts of war material while not formally entering the conflict.

Peacetime Draft

Refers to the government policy of conscription or mandatory enlistment of citizens into the military during times of peace, to maintain an armed force readiness.

National Industrial Recovery Act

A 1933 U.S. law passed as part of President Franklin D. Roosevelt's New Deal to stimulate economic recovery by regulating industry production levels and increasing workers' purchasing power.

NIRA

The National Industrial Recovery Act of 1933, a key part of the New Deal, aimed at restoring economic stability by reducing unemployment and increasing purchasing power.