[Overextended Debtor] Michael Bought a Flat Screen Television for His

[Overextended Debtor] Michael bought a flat screen television for his living room from ABC Electronics, and financed the purchase through ABC Electronics. Later, Michael bought a boat, a new car, and an expensive engagement ring for his girlfriend, and found he was unable to continue making payments on the television. The manager of ABC Electronics called 60 days after the sale and asked Michael to return the television. Michael refused on the basis that ABC Electronics never perfected its interest in the television. He also explained that he had later granted a secured interest in the television along with his other goods to XYZ Credit in return for a loan. No financing statement was filed on behalf of ABC Electronics although XYZ Credit, with no knowledge of any interest of ABC Electronics, did file a financing statement.
-Which statement is true regarding Michael's statement that the security interest of ABC was not perfected?

A) Michael is wrong because the security interest perfected immediately.
B) Michael is correct because the security interest perfected when he was still in possession of the collateral 30 days after the purchase.
C) Michael is correct because the security interest perfected when he was still in possession of the collateral 60 days after the purchase.
D) Michael is correct because no financing statement was filed.
E) Michael is correct only because in the case of luxury goods, a financing statement must be filed within 20 days of the sale in order for the seller to establish perfection.