Tiger Bank agrees to lend Music World $10,000 for expansion of its Columbia, Missouri store, in exchange for a security interest in "all of Music World’s inventory, presently owned and after- acquired.” Tiger Bank also agrees to lend T-shirt Palace $25,000 for the purchase of new screen printing equipment, in exchange for a security interest in the new equipment.

In order to perfect its newly-acquired security interests, Tiger Bank proceeded to file two financing statements with the Missouri Secretary of State. When preparing its financing statement for its security interest in Music World’s inventory, Tiger Bank inadvertently left out the name of the debtor on the financing statement. It did, however, include its name as the secured party, as well as a description of the collateral covered.

Unfortunately, when preparing its financing statement for its security interest in T-shirt Palace’s equipment, Tiger Bank again omitted some information. This time, Tiger Bank omitted its mailing address from the financing statement. It did, however, remember the debtor’s name this time, as well as its name and a description of the collateral covered.

After preparing both financing statements, albeit incompletely, Tiger Bank filed them both in the state’s filing office. The filing office accepted both statements, and Tiger Bank went home feeling confident that it had perfected its security interests. Which of the following is correct?

A) Tiger Bank has a perfected security interest in both cases.

B) Only the security interest in Music World's inventory is perfected.

C) Only the security interest in T-shirt Palace’s equipment is perfected.

D) Neither security interest is perfected.