Question: X Co. was expecting a loan from Jay. Thus, on May 1, X signed a security agreement giving Jay a security interest in a crane
X Co. was expecting a loan from Jay. Thus, on May 1, X signed a security agreement giving Jay a security interest in a crane X was planning to buy for its business. On May 9, X purchased the crane. It received possession of the crane on May 18. On May 15, Jay lent $9,000 to X. on May 20, Jay filed the financing statement covering the crane. When did Jays security interest in the crane attach?
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