KS Bar Practice Questions - Kansas Bar Examination Exam

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A debtor grants a creditor a security interest in equipment. Under UCC Article 9, the security interest generally becomes enforceable against the debtor (attaches) when:

The creditor files a financing statement, regardless of other facts The debtor verbally agrees to the security interest Value is given, the debtor has rights in the collateral, and the debtor authenticates a security agreement describing the collateral (or the creditor takes possession/control) The creditor records a mortgage in the county land records

Correct Answer:

Value is given, the debtor has rights in the collateral, and the debtor authenticates a security agreement describing the collateral (or the creditor takes possession/control)

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