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.
In its current state and environment, not the most beautiful pyramid in the world, but certainly the most famous. This was the tallest manmade structure in the world for 3,800 years (the Lincoln Cathedral in England displaced it around 1300 AD).