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.
The tower is the tallest building in Paris and the most-visited paid monument in the world; millions of people ascend it every year. Named after its designer, engineer Gustave Eiffel, the tower was built as the entrance arch to the 1889 World's Fair.