Which of the following is not an element of attachment? O A security agreement, o Filing a financing statement The debtor has rights in the collateral. Value received by the debtor 7.5 pts D Question 13 When a debtor defaults on a secured debt, the creditor: O May continue efforts to collect from the debtor personally the funds that are owed, may proceed against the security in order to have it sold and the proceeds applied to the debt, or may proceed against any surety on the obligation O May only proceed against the security in order to have it sold and the proceeds applied to the debt O May only continue efforts to collect from the debtor personally the funds that are owe O May only proceed against any surety on the obligation 7.5 pts D Question 14 What is the purpose of a financing statement? To amend a security interest To create a security interest To meet the Uniform Commercial Code (UCC) accounting requirements under Article 9 of the UCC To alert third parties that a creditor has a security interest in certain collateral