The current ratio is current liabilities divided by current assets

Ginnie of Ginnie's Gems purchased inventory for her jewelry store from Tristar Gold through a credit arrangement. Ginnie signed a security agreement with Tristar Gold on May 10, 2018. The security interest was given in her inventory. On May 3, 2018, Ginnie had obtained a line of credit with Bank of the East for the purchase of additional inventory. The inventory was being purchased from Gold Reflections and was a series of specially designed pieces that Gold Reflections would be manufacturing. The pieces were finished on May 31, 2018. Which of following statements is correct?

A. Tristar's security interest attached before Bank of the East's security interest. B. Bank of the East's security interest attached on May 3. C. Bank of the East's interest attached first because its interest covered specific goods and was not general inventory. D. There cannot be two security interests in the same collateral, and the second one (Tristar) is void.

The approved language of the Contract to Buy and Sell specifies that the seller will provide a Seller's Property Disclosure form.

a. true b. false