Qwik Credit Corporation Lends $20,000 to Ross

Multiple Choice

Qwik Credit Corporation lends $20,000 to Ross.A financing statement is filed on May 1,but the security agreement is not signed until Ross gets the money on May 4.Ross also borrows money from State Bank,which advances funds,files a financing statement,and signs a security agree?ment on May 2.Ross used the same property as collateral for both loans.In a dispute between the lenders over rights to the collateral,Qwik Credit will

A) lose,because State Bank perfected first.
B) lose,because State Bank's interest attached first.
C) win,because Qwik Credit filed first.
D) win,because Qwik Credit's interest attached first.