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Health insurance policies are paid for on a ______________ basis and are subject to _____________ in premiums
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- Ace Company owes considerable amount of money to National Bank. National Bank happens to get possession of certain valuable promissory notes belonging to Ace Company because the transactions were closed in the bank's offices and the promissory notes were put in the bank's vault for safekeeping. Which of the following statement is correct?Group of answer choices:a) The bank does not have any security interest in the notes because the parties did not sign any written security agreement.b) The bank does not have any security interest in the notes because the bank has not given any value.c) The bank's security interest does not attach to the notes because the bank's possession of the promissory notes is not pursuant to any security agreement with Ace Company.d) The bank's security interest attaches to the notes because the bank has physical possession of those notes.