Which Statement Is True Regarding Michael's Statement That the Security

Multiple Choice

Which statement is true regarding Michael's statement that the security interest of ABC was not perfected?

A) Michael is correct only because in the case of luxury goods,a financing statement must be filed within 20 days of the sale in order for the seller to establish perfection.
B) Michael is correct because the security interest perfected when he was still in possession of the collateral 30 days after the purchase.
C) Michael is wrong because the security interest perfected immediately.
D) Michael is correct because no financing statement was filed.
E) Michael is correct because the security interest perfected when he was still in possession of the collateral 60 days after the purchase.