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.
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The world's largest palace by floor space is the Palace of the Parliament in Bucharest, Romania, which was built by communist dictator Nicolae CeaÃºsescu in 1986. It is also the most expensive administrative building and heaviest building. The world's largest royal palace by floor space is the Royal Palace of Madrid in Spain, with 135,000 square metres (1,450,000 sq ft) of floorspace and contains 3,418 rooms.