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.
See More of the Most Beautiful Libraries in the World. Known as the Black Diamond, this neo-Modernist building was built in 1999 as an addition to the Royal Libraryâs original complex. Its striking steel, glass, and black granite structure contains a concert hall, a popular cafÃ©, and exhibition spaces.