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T owned a clothing store that did well. She opened branches all over state. She borrowed money for this from Big Bank which took a
T owned a clothing store that did well. She opened branches all over state. She borrowed money for this from Big Bank which took a security interest (according to the filed financing statement) "in all inventory, accounts, receievable, equipment, instruments, general intnagibles, and personal property." The bank also made her pledge her extensive collection of jewelry to the bank, making her bring it from her home and putting it in a vault. A year later, she asked to have the jewelry back so that she could wear it to a social occasion,and the bank gave it to her. Before she could return, another creditor judicially seized it. Is Big Bank's interest in the jewlery perfceted by the financing statment? If so, or not, what would be the argument? Use In Re Boogie Enters Inc. (1989) to help, and Merchants nat'l Bank v. Halberstadt (1989) to help answer. Limit to 2 sentences
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