Multiple Choice
Jay Bosley borrows $15,000 from the County Bank with an interest rate of 9 percent.Jay defaults on the loan,and County Bank assigns the rights to an agency to recover the money.Jay can raise a defense against County Bank if ________.
A) the agency acts on behalf of the bank
B) the agency discharges its contract with the bank
C) the agency demands a higher interest rate
D) the agency sues Jay on charges of nonperformance
Correct Answer:
Verified
Correct Answer:
Verified
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