Quimbee logo
DMCA.com Protection Status

Secured Transactions

General Requirements for Attachment

General Requirements for Attachment

Learn about the four general requirements for attachment: value to the debtor, rights in the collateral, authentication of the security agreement, and reasonable description of the collateral.



Learn about the general requirements for attachment.

General Requirements for Attachment

At this point, we can identify whether a given transaction is within the scope of Article 9, and we can also properly classify the collateral in the debtor’s hands. Now, we’ll examine the first important step a creditor must take to create a security interest that’s enforceable under Article 9. This step is called attachment. Attachment in secured transactions law means that the security interest is...