Pine has a security interest in certain goods purchased by Byron on an installment contract. Byron has defaulted on the payments, resulting in Pine's taking possession of the collateral. Which of the following is correct?
A. Byron may waive his right of redemption at the time he executes the security agreement.
B. Pine must sell the collateral if Byron has paid more than 60% of the cash price on a purchase money security interest in business equipment.
C. The collateral may be sold by Pine at a private sale and, if the collateral is consumer goods, without notice to other secured parties.
D. Unless otherwise agreed, Pine must pay Byron for any increase in value of the collateral while the collateral is in Pine's possession.
C. The collateral may be sold by Pine at a private sale and, if the collateral is consumer goods, without notice to other secured parties.
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