To create an enforceable security interest for a loan, in terms of the collateral, the debtor must have
A)rights in it.
B)title to it.
C)possession of it.
D)proof of its value.

Question

Quizplus · Accepted Answer

For a security interest to be enforceable, the debtor must have rights in the collateral. Title, possession, or proof of its value are not strictly necessary for the creation of a security interest.

To Create an Enforceable Security Interest for a Loan, in Terms