"Attachment" occurs when a secured party gives value, the debtor has acquired rights in the collateral, and:
A) the debtor has completed his obligation to pay.
B) the collateral is delivered to the borrower.
C) the debtor and secured party have an agreement.
D) All of these.

Question

Quizplus · Accepted Answer

Attachment occurs when a secured party gives value, the debtor has acquired rights in the collateral, and the debtor and secured party have an agreement. The other options are not necessary for attachment to occur.

"Attachment" Occurs When a Secured Party Gives Value, the Debtor