Katie borrows $$10,000$ from Jordan. Jordan requires Katie to sign a promissory note for the amount, as well as a security agreement identifying Katie's exotic pet snake as collateral. Jordan never files a financing statement. Three months later, Katie borrows $$2000$ from Corey. Corey is a trusting soul, and takes Katie at her word that if she doesn't pay back the loan, Corey can have her snake. Two weeks later, Katie borrows $$3000$ from Allie, once again using the snake as collateral. Allie has Katie sign a security agreement, and files a financing statement with the Maryland SDAT. Katie then sold her snake to Jenna to have as a pet, and Jenna did not know about any of the previous promises. If Katie is a snake merchant, who gets the snake if Katie now defaults on all the loans.

Allie

Corey

Jordan

Jenna