[Dirty Laundry] Morgan Planned to Start Her Own Laundry Business

[Dirty Laundry] Morgan planned to start her own laundry business. She borrowed $60,000 from ABC Bank. She used her car and home as collateral and also gave ABC Bank an interest in any property she acquired after the security interest was made. The bank perfected its interest. Morgan purchased a new computer from XYZ Electronics for use in her business. XYZ obtained a purchase money security interest on the computer. Morgan was having problems with cash flow and failed to make payments to XYZ Electronics on the new computer. After the sale and before Morgan stopped making payments, XYZ had filed a financing statement. The electronics store sought to repossess the computer, but the bank opposed that. Morgan's business picked up and she was able to completely repay her loan to the bank and to XYZ. She requested that the bank discontinue its security interest, but the bank did not do so as requested by Morgan, and still had not done so 45 days after Morgan had paid off the loan and requested that the bank terminate its interest.
-Which statement is correct regarding priority in rights to the computer?

A) The bank had priority because the computer was considered after-acquired property properly covered by the initial security interest.
B) XYZ Electronics had priority because XYZ Electronics had a purchase-money security interest in the computer.
C) XYZ Electronics had priority only if XYZ Electronics perfected its security interest within 10 days of the purchase.
D) XYZ Electronics had priority only if XYZ Electronics perfected its security interest within 20 days of the purchase.
E) The bank had a security interest in the computer because it perfected its security interest before XYZ Electronics did so.