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.
1. Museo Guggenheim, Spain. Some critics might argue that Frank Gehry's Museo Guggenheim in the northern Spanish city of Bilbao, opened in 1997, looks as though it's been taken to by a can-opener, but this is one of the most influential and striking buildings in modern architecture.
The Most Important Building in the World. This is what the people of Florence might have called the Duomo Cathedral in the 1400s. To them, it probably was the most important building in the world. Instead of competing with other major cities through football games, Italian cities tried to outdo each other's buildings. Whoever had the best buildings, won.