Financing Statement C&H Trucking, Inc. (C&H), borrowed $19,747.56 from S&D

Petroleum Company, Inc. (S&D). S&D hired Clifton M. Tamsett to prepare a security

agreement naming C&H as the debtor and giving S&D a security interest in a new Mack truck.

The security agreement prepared by Tamsett declared that the collateral also secured:

As

any other indebtedness or liability of the debtor to the secured party direct or indirect, absolute or

contingent, due or to become due, now existing or hereafter arising, including all future advances or

loans which may be made at the option of the secured party.

Tamsett failed to file a financing statement or the executed agreement with the appropriate

government office. C&H subsequently paid off the original debt, and S&D continued to extend

new credit to C&H. Two years later, when C&H owed S&D more than $17,000, S&D learned

that (1) C&H was insolvent, (2) the Mack truck had been sold, and (3) Tamsett had failed to file

the security agreement. Does S&D have a security interest in the Mack truck? Is Tamsett liable

to S&D?