Question: A written or authenticated security agreement is a requirement when creating a secured transaction unless: a. the secured party has possession or control of the

A written or authenticated security agreement is a requirement when creating a secured transaction unless:

a. the secured party has possession or control of the collateral.

b. both parties agree to waive the written requirement.

c. the value of the collateral is less than $500.

d. the collateral is intangible, such as a savings account.

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