The court held that no, S&D does not have a security interest in the Mack truck. A lender can take a security interest in the property of a debtor to serve as collateral when credit is being extended. One way to create such a security interest is for the creditor to file a financing statement. The purpose of the financing statement is to notify others who are contemplating extending credit to the debtor that certain property of the debtor is already subject to a security interest. The financing statement must contain such information as the names and addresses of the parties involved in the transaction and the type of collateral secured. In order to perfect, i.e., make valid the security agreement, the financing statement must be filed with the proper government entity, such as the Secretary of State, or County Clerk. Using a minimum of three sentences, a) Do you agree with the court's ruling? b) Why or why not?