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

Question

Quizplus · Accepted Answer

Attachment occurs when a debtor receives some value under the contract, such as borrowing money or receiving goods on credit. This creates a security interest in the collateral that becomes enforceable against the debtor.

Attachment Takes Place When