Ada Is the Maker of a Note,on Which Bart Is

question 57

Multiple Choice

Ada is the maker of a note,on which Bart is secondarily liable.Cash & Credit Company (C&C) is the current holder of the note.Bart will be obli-gated to pay the note if

• A)Ada defaults on the note.
• B)C&C breaches a transfer warranty.
• C)C&C negotiates the note to Delta Collection Agency,a third party.
• D)C&C presents the note for payment.

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