Creation of an enforceable security interest: attachment Flashcards

1
Q

Requirements for attachment

A

Value
Contract
Rights in the collateral (debtor’s rights)

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2
Q

Contract (security agreement or record)

A

must be in writing unless the secured party has taken possession

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3
Q

Record must:

A

a. be authenticated by debtor (signed or electronically marked)
b. must reasonably identify collateral

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4
Q

After-acquired collateral clauses

A

enforceable

akin to floating lien

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