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A Security Interest Is Said to Attach Once Three of the Following

Question 12

Multiple Choice

A security interest is said to attach once three of the following requirements are fulfilled. Which of the following is NOT one of the three necessary requirements?


A) The secured party has given something of value.
B) The debtor has rights in the collateral.
C) The creditor has filed a financing statement signed by the debtor.
D) Either the collateral is in the possession of the secured party or the security agreement is in a writing which contains a description of the collateral and is signed by the debtor.

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