Secured transactions Flashcards
1
Q
attachment
A
Creation of a security agreement with definite terms, signed by the debtor, can be evidenced by creditors control or possession of collateral.
Value is given
The decor must have rights in the collateral
1
Q
Perfection
A
- filing
- taking possession of the collateral
- control
- automatic perfection
- temporary perfection
2
Q
A security interest may be perfected by filing either in writing or electronically as to all kinds of collateral except
A
Deposti accounts and money
