In June, Alicia borrowed $$10000$ from the Toronto$-$Dominion Bank to start her record company. She agreed to give the bank a security interest in all of her assets, but the agreement was never recorded in writing. In July, she sold some CD$-$burning equipment to Record Supply Inc. Which of the following best describes the bank's claim against the equipment?

Question $11$Select one:

A$.$

The bank cannot enforce its security interest in the equipment against Record Supply because the bank's interest never attached to the equipment.

B$.$

The bank cannot enforce its security interest in the equipment against Record Supply because it has not filed a financing statement to register its security interest.

C$.$

The bank cannot enforce its security interest in the equipment against Record Supply because there is no privity of contract between the bank and Record Supply.

D$.$

The bank can enforce its security interest in the equipment against Record Supply because the rights of secured creditors always prevail against people who buy goods that were subject to a security interest.

E$.$

The bank can enforce its security interest in the equipment against Record Supply because the loan predated the sale of the equipment.