Want to know:

David's Print Shop ("DPS") went to National Bank to obtain a $10,000 loan. On April 3, DPS and National Bank signed a security agreement that granted National Bank a security interest in DPS's existing and hereafter acquired equipment. On the same day, National Bank gave DPS a cashier's check for $10,000. On April 3, DPS had a printing press, two office computers that DPS employees used for custom print designs for its customers. On April 5, National Bank filed a financing statement covering DPS's existing and hereafter acquired equipment. On April 20, DPS purchased some additional computers for custom design projects. On which date was a security interest first created in favor of National Bank?Group of answer choices:a) April 3 and April 20.b) April 3.c) April 5.d) April 20.

Get a detailed, AI-powered explanation for this question and thousands more on StudyFetch.