TN Bar Practice Questions - Tennessee Bar Examination Exam

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A creditor seeks a security interest in a debtor's equipment. The debtor signs a security agreement describing the collateral, value is given, and the debtor has rights in the collateral. Under UCC Article 9, what has occurred?

Perfection of the security interest Subordination of the security interest Attachment of the security interest, making it enforceable against the debtor Nothing, because a financing statement is required first

Correct Answer:

Attachment of the security interest, making it enforceable against the debtor

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