Leo lent $10,000 to B&B, a tire dealer. B&B signed a security agreement granting Leo a security interest in B&Bs existing tire inventory. Leo did nothing to perfect this security interest, and B&B kept possession of the inventory. Under these facts:

	a.	Leos security interest is perfected; a security interest in inventory is automatically perfected.
	b.	Leos security interest in unperfected; Leo cannot repossess the inventory if B&B defaults.
	c.	Leos security interest is unperfected; Leos security interest has priority over a subsequent unperfected security interest that another creditor make take in the inventory.
	d.	Leos security interest is unperfected; Leos security interest has priority over a subsequent perfected security interest that another creditor may take in the inventory.