Carl is the proud owner of a zebra farm. In exchange for a loan, Carl grants ABC Bank a security interest in “all of his zebras.” ABC Bank filed a financing statement to perfect its security interest in all of Carl’s zebras. After granting the security interest, Carl subsequently sold some of his zebras to the Columbia Zoo in exchange for a hefty check, which Carl deposited in a bank account.

Five days later, Carl used the proceeds that he received from the zoo to purchase two new camels. The day after Carl purchased the new camels, a representative from ABC Bank amended its original financing statement to cover “camels.”

Which of the following statements is incorrect?

A) The zebras purchased by the Columbia Zoo are still subject to ABC Bank’s security interest.

B) As long as ABC Bank amended its financing statement within the 20-day grace period, it has a continuously perfected security interest in Carl’s camels.

C) ABC Bank has a perfected security interest in Carl’s new camels and in the zebras that were sold to the Columbia Zoo.

D) ABC Bank has a perfected security interest in all of the zebras still on Carl’s farm, but it does not have a perfected security interest in Carl's camels.