On January 1, Ace makes a loan to Debtor secured by Debtor's existing and after-acquired inventory. At the same time, Ace files a proper financing statement. On March 1, Bank lends Debtor funds to purchase new inventory and Debtor grants it a security interest in the inventory purchased with Bank's funds. On the same date, Bank sends Ace notice by letter of the interest in the new inventory it intends to obtain, which Ace receives on March 5. Bank files a proper financing statement covering the new inventory on March 1. Later, Debtor defaults on its obligations to both Ace and Bank.PROBLEM On January 1, Ace makes a loan to DebtoPURCHASE-MONEY PRIORITY (a) If Debtor receives the new inventory on March 2, who has priority in Debtor'e inventory purchased with Bank's funds. Ace or Bank? (b) What result if Debtor received the inventory on March 10? (c) Suppose Debtor sold 5 items of the new inventory to buyers. who paid a total of $500 in cash and another 5 items to buyers, each of whom promises to pay $110 per item. The buyers later pay Debtor in full so that Debtor receives a total of $1050 for the 10 items of new inventory. The money is traceable to each item of inventory sold. Who has priority in the $500: Ace or Bank? In the $550 Debtor eventually receives? (d) Would the result in (c) change if 5 buyers executed promissory notes and granted Debtor security interests in the items purchased? Would the result change if Debtor delivered the notes to Bank