Inga needs school supplies. Rick agrees to loan Inga $750, accepting as collateral Inga's car - a "red 2020 Ford Focus, LA license 123 DEF, VIN 123ABCD789XYZ". They put their agreement in writing and signed it. Rick keeps possession of the car. 1. Does Rick have an enforceable security interest? 2. Please explain with reference to the necessary elements. 3. What things must Rick do to let other creditors know of his interest in the car?

Inga needs school supplies. Rick agrees to loan Inga \$750, accepting as collateral Inga's car - a "red 2020 Ford Focus, LA license 123 DEF, VIN 123 ABCD789XYZ". They put their agreement in writing and signed it. Rick keeps possession of the car. 1. Does Rick have an enforceable security interest? 2. Please explain with reference to the necessary elements. 3. What things must Rick do to let other creditors know of his interest in the car