Question: Put the items in the correct order for how a creditor becomes a secured party. Rank the options below. Right to Collateral: The debtor has
Put the items in the correct order for how a creditor becomes a secured party.
Rank the options below.
Right to Collateral: The debtor has a right in or to the collateral.
Right to Collateral: The debtor has a right in or to the collateral. open choices for ranking No answer
Debtors Signature: The security agreement must be signed by the debtor.
Debtors Signature: The security agreement must be signed by the debtor. open choices for ranking No answer
Security Agreement: The two parties create a security agreement with a description of the collateral that must be accurate and detailed enough as to reasonably identify the collateral.
Security Agreement: The two parties create a security agreement with a description of the collateral that must be accurate and detailed enough as to reasonably identify the collateral. open choices for ranking No answer
Attachment: When attachment occurs, the creditor becomes a secured party with an interest in the collateral.
Attachment: When attachment occurs, the creditor becomes a secured party with an interest in the collateral. open choices for ranking No answer
SP Gives Value: The secured party must give value.
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