Tim Duncan owns Fans & Players, a retail sporting goods shop. When Aspen Life, a new ski resort, is built in the area, Tim Duncan decides to expand and borrows a large sum from Broadway Bank. The bank takes a security interest in Tim Duncans present inventory and any after-acquired inventory as collateral for the loan. The bank properly perfects the security interest by filing a financing statement. Tim Duncans business is profitable, and he begins doubling his inventory. A year later, an avalanche destroys the ski slope and ski lodge. Tim Duncans business takes a turn for the worse, and he defaults on his debt to the bank. The bank seeks possession of his entire inventory, even though the inventory is twice as large as it was when the loan was made. Tim Duncan claims that the bank has rights to only half of his inventory. Is Tim Duncan correct? Explain fully.

Please answer fast (Business law)