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On May 1, Sue lends Bill $10,000 to finance the purchase of a stereo from...

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Accounting

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On May 1, Sue lends Bill $10,000 to finance the purchase of a stereo from an electronics store. With the oan, Bill buys the stereo for use in his home and Sue, on May 1, obtains from Bill a written security agreement in the stereo. Sue does not file a financing statement. On June 1, Jeff lends Bill $5,000 and Bill makes a written security agreement giving Jeff a security agreement in such stereo. Jeff files a financing statement on June 1. On July 1, Bill's friend Ted is hurt by Bill's negligent conduct and obtains a judgment of $10,000 against Bill. The pressure gets to Bill and he dies of a heart attack, leaving the stereo as his only asset. Who has priority in the stereo for payment of all the debts? a. Jeff, Ted Sue. b. Sue, Ted Jeff. c. Jeff, Sue Ted. d. Sue, Jeff Ted

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