Dale Debtor was hoping to jump start his lawn equipment rental company, and was in the need of a loan in order to do so. In order to secure the loan, he entered talks with Putnam County Bank (PCB), and on June 5, 2012 they entered into a security agreement, which listed “all of Dale Debtor's inventory and accounts, now owned and after acquired” as the description of the collateral. Two days prior, a financing statement was properly filed which stated in the ‘description of collateral box’ the following: “All accounts at Dale’s Lawn Rental Co.” A few months later, Third Party Lender, a subsequent secured party made a loan to Dale Debtor, secured by a valid security interest in Dale's inventory which was properly perfected by a financing statement.
Which of the following is the most accurate statement regarding PCB’s perfection status in relation to Dale’s inventory and accounts?
1. PCB’s security interest in accounts is perfected, while PCB’s security interest in Dale’s inventory is unperfected, but PCB's security interest in the inventory is still entitled to priority over Third Party Lender
2. PCB’s security interest in accounts is perfected, while PCB’s security interest is Dale’s inventory is unperfected, and Third Party Lender's security interest in inventory is entitled to priority over PCB's security interest in the inventory.
3. PCB's security interest in accounts and inventory is perfected, because "accounts" can include inventory and are often generated by the sale of inventory, so PCB has priority over Third Party Lender.
4. PCB’s security interest in accounts and inventory was perfected as to accounts and inventory owned by Dale at the time of the security agreement, but not as to after-acquired accounts and inventory, because the financing statement did not state that it covered after-acquired accounts and inventory.