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 Burj Al Arab. In a city famous for its architecture, the Burj Al Arab defines the Dubai skyline. The newest building on a long list of architecture built on a grand scale, the Burj Al Arab was built in 1994 and is one of the most luxurious hotels in the world.