Darrel,Smith,Keith and Aaron Are Claimants to a Collateral Interest

Multiple Choice

Darrel,Smith,Keith and Aaron are claimants to a collateral interest.All four have secured their interests on the collateral.Aaron takes physical possession of the collateral.Keith files a financing statement some time later.Who among the four would have highest priority of claim to the collateral?

A) Darrel
B) Smith
C) Keith
D) Aaron