Charlie Brown and Snoopy both go to TV Land to purchase TVs. Each purchases a television for his own personal use for $ 800. Each signs a security agreement with the store agreeing to pay the purchase price in installments. TV Land does not file a financing statement in either transaction (it sells 3,000 TVs per year and thus its store policy is not to file financing statements). Each puts down $ 200 and agrees to make monthly payments of $ 50.

Two months later, they both tire of their TVs and sell them. Charlie Brown sets his out in the yard and waits for someone to read the “for sale” sign and give him some money. Lucy stops by, loads it up and gives him $200. She tells him she’ll use it at her home. Charlie Brown does not tell her that he still owes money on it and that TV Land has a security interest in the TV.

Snoopy wants more for his buck and sells his to Circuit City. Snoopy doesn’t tell Circuit City about TV Land's security interest.

Both Charlie Brown and Snoopy default to TV Land. Which statement is correct?

A. TV Land can repossess the TVs from both Lucy and Circuit City

B. TV Land can repossess the TV from Lucy, but not from Circuit City

C. TV Land can repossess the TV from Circuit City, but not from Lucy

D. TV Land cannot repossess the TVs from either Lucy or Circuit City