A creditor has a security interest in collateral, and becomes a secured party, if and when a security interest âattaches.â Under the UCC, a security interest generally does not attach unless three basic requirements are met. In simplest form, the requirements are that: value be given for the security interest.
Click for full photo gallery: World's Most Beautiful Buildings. Barry selected Instanbul, Turkeyâs Hagia Sophia, which was a cathedral for hundreds of years before it became a mosque during the Ottoman Empire.
Otis is in some of the world's most awe-inspiring buildings. 1  Empire State Building New York. 2  Christ the Redeemer Rio de Janeiro. 3  Eiffel Tower Paris. 4  Oriental Pearl TowerShanghai. 5  Burj KhalifaDubai, UAE.