PLEASE GIVE EXPLANATION

Bill buys a new John Deere riding lawn mower for $10,000 for personal use. Bill signs a promissory note for $10,000 payable to the order of "Deere & Co." and signs a security agreement covering the lawn mower. Deere and Co. does not file a financing statement. Is the security interest perfected?

Answers:	A. Yes, because the security interest was perfected under the garage sale rule.
	B. Yes, because this was a purchase money security interest which was automatically perfected.
	C. No, because the lawn mower was a consumer good.
	D. No, because a security interest can only be perfected by the filing of a financing statement or taking possession of the secured property.