Under the Revised UCC secured Transaction Article, when collateral is in a secured party's possession, which of the following conditions must also be satisfied to have attachment?
a. There must be a written security agreement.
b. The public must be notified.
c. The secured party must receive consideration.
d. The debtor must have rights to the collateral.
Answer: D
Tax
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- Income in respect of a cash-basis decedent
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