JKL,IncOperates a Retail Appliance Store

Multiple Choice

JKL,Inc.operates a retail appliance store.JKL borrows $100,000 from First Bank,giving the bank a security interest in all of its current and after-acquired inventory.The bank properly perfects its security interest.Later,JKL buys some additional inventory from Wholesalers,Inc.JKL cannot pay for the inventory purchase,so it gives Wholesalers a security interest in this inventory.Wholesalers perfects its security interest.JKL defaults on both these loans.Assuming any notice required is properly and timely given,who has priority in this after-acquired inventory?

A) First Bank has priority,because it was first to attach.
B) First Bank has priority,because it was first to perfect.
C) Wholesalers has priority,because this was after-acquired inventory.
D) Wholesalers has priority,because this was a purchase money security interest.