Which of the following is the term associated with a creditor becoming the secured party who has a security interest in the collateral when this event happens?
A) Attachment.
B) Transformation.
C) Perfecting.
D) Reformation.
E) Protecting.

Question

Quizplus · Accepted Answer

Attachment occurs when a security interest becomes enforceable against the debtor with respect to the collateral.

Which of the Following Is the Term Associated with a Creditor