To have an enforceable security interest in collateral that is in the pos?ses?sion of the secured party,there must be a written security agreement.

Name: To have an enforceable security interest in collateral that is in the pos?ses?sion of the secured party,there must be a written security agreement.
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A written security agreement is not necessary if the secured party has possession of the collateral, as possession itself can serve as evidence of the security interest.

To Have an Enforceable Security Interest in Collateral That Is