Attachment is the process by which a security interest becomes enforceable against the debtor with respect to the collateral.

Question

Quizplus · Accepted Answer

Attachment is indeed the process by which a security interest becomes enforceable against the debtor with respect to the collateral. This typically involves the creditor taking possession of the collateral or filing a financing statement with the appropriate government authority. Once attachment has occurred, the creditor has a right to the collateral that is superior to most other parties, including other creditors and the debtor themselves.

Attachment Is the Process by Which a Security Interest Becomes