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.
Recommended Reading: 45 Awe-Inspiring Landmarks Around The World. Hotel Unique, Sao Paulo Brazil. In the heart of the upscale district of Jardins in SÃ£o Paulo, Hotel Unique stands out amidst the sky with its sculptural architecture. Attrapâ Reves Hotel, France .