As a general rule,for purposes of attachment of a security interest,a debtor is deemed to have rights in collateral that she:
A) owns.
B) has in her possession.
C) is in the process of acquiring from a seller.
D) All of these.

Question

Quizplus · Accepted Answer

A debtor is deemed to have rights in collateral that she owns, has in her possession, or is in the process of acquiring from a seller. This means that a security interest can attach to collateral that the debtor currently owns, possesses or is in the process of acquiring. Therefore, all of the choices given are correct.

As a General Rule,for Purposes of Attachment of a Security