With no explanation, chose the best option from "A", "B", "C" or "D". in Wolfeboro and a physical location in New Durham, Perry Hollow was conducting business in more than one town in the state, thereby relieving Yamaha of the duty to file a financing statement with anyone other than the Secretary of State. The bankruptcy court, however, found that Perry Hollow does business only in one town within New Hampshire. Given that the Wolfeboro address was only a mailing address, we cannot say that this finding was clearly erroneous. Therefore, under New Hampshire law, Yamaha had to file a financing statement with both the Secretary of State and the clerk of the town of New Durham to perfect its security interest. Relying on In re Circus Time, 641 F.2d 39 (1st Cir.1981), Yamaha further argues that even if it was obligated to file in New D (Bankr.D.N.H.1984) (<HOLDING>); see also N.H.Rev.Stat. Ann. 382-A:9-401,

A: holding courts must look to the law of the state in which the security interest was created to determine if creditor retains a purchase money security interest despite refinancing
B: holding that security interest was unperfected where creditor in addition to filing with the secretary of state mistakenly filed with the clerk of the town adjacent to where debtor conducted business
C: holding that creditor did not have actual knowledge of the bankruptcy filing where the debtor informed creditor of the possibility that a bankruptcy case would be filed
D: holding that security interest was not perfected since debtor conducted business only in one town in the state and creditor did not file financing statement in that town
B.