Question
Alcorn Shipping a firm doing business with China despite Trump's tariffs purchased four boats from LES Swift Suppliers, LLC., for use in its (Alcorn's) shipping
Alcorn Shipping a firm doing business with China despite Trump's tariffs purchased four
boats from LES Swift Suppliers, LLC., for use in its (Alcorn's) shipping business. The executory
contract to buy the high-speed swift boats was signed on March 14. A combined promissory note:
and security agreement in favor of Google Bank was executed on March 15. The ships
delivered to Alcorn trucking on March 14. The liens were recorded as to the collateral n
state of MS motor vehicle department (public filing office per state statute) on March 17
regard to attachment of the security interest in favor of Google Bank, answer and select
answer: Attachment of a security interest occurs when
- security agreement has been executed (only)
- the creditor has given value (only)
- None of the above
- Filing has occurred (only)
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