"Attachment" occurs when a secured party has given value,the debtor acquires rights in the collateral,and the:
A) debtor has paid one installment of his obligation.
B) collateral is delivered to the borrower.
C) debtor and secured party have an agreement.
D) debtor has completed his obligation to pay.

Question

Quizplus · Accepted Answer

Attachment occurs when a secured party has given value, the debtor acquires rights in the collateral, and there is an agreement between the debtor and secured party. The other options listed do not accurately describe the necessary conditions for attachment.

"Attachment" Occurs When a Secured Party Has Given Value,the Debtor