Attachment takes place when
A) a contract is executed.
B) notice of a security arrangement is given.
C) after-acquired assets are secured.
D) a debtor receives some value under the contract.
E) a purchase money security interest arises.

Question

Quizplus · Accepted Answer

Attachment occurs when a debtor receives some value under the contract, as it is one of the requirements for a security interest to attach, along with the debtor having rights in the collateral and the security agreement being authenticated.

Attachment Takes Place When