"Martin borrowed money from Big Bank which was used to purchase a painting, Yellow Dogs Playing Pool, for his home. Martin signed an agreement making the painting itself collateral for the debt. Big Bank did not bother filing a financing statement. Does Big Bank have a perfected security interest?"

		"No, because it did not file a financing statement"
		"Yes, because it has constructive possession through the debtor Martin."
		"Yes, because the security interest in this transaction will be perfected without filing or possession by the creditor because it is a PMSI in consumer goods"
		"No, Big Bank was not the seller, so the transaction is not a purchase money transaction."