The Bank of Edwards on July 1^st and Legacy Bank on July 2^nd both entered into a loan agreement with Julius. On July 3^rd, Legacy Bank filed a UCC-1 financing statement and on July 5^th, the Bank of Edwards did as well. In this situation, if Julius defaults on his loan with both banks, who has priority?

Multiple Choice

A.Both banks have the same priority

B.Legacy Bank

C.The Bank of Edwards

D.The bank which loaned the largest amount of money to Julius.