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Back to secured transactions article 9 of the uniform commercial code
Question 1 of 20
Under UCC Article 9, which of the following is the primary requirement for a security interest to be 'enforceable' against the debtor and third parties with respect to the collateral (attachment)?
A.
The secured party must file a financing statement with the Secretary of State.
B.
Value must be given, the debtor must have rights in the collateral, and there must be an authenticated security agreement (or possession/control).
C.
The debtor must sign a financing statement and the secured party must give notice to all other creditors.
D.
The collateral must be in the physical possession of the secured party at all times.
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