On March 1st you purchase a flat screen digital television with amazing surround sound on credit from TV Land. You sign a credit agreement, giving TV Land a security interest in all consumer goods currently owned or subsequently acquired. On April 1st you purchase a new home computer on credit from Computer Land, signing a similar agreement.
If you fail to make your payments to TV Land, do they have a claim to your computer? Does TV Land or Computer Land have to file a financing statement?