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 Colosseum in Rome is perhaps the most recognized ancient site in the world. It was built as an amphitheatre and is regarded as an architectural wonder even today.