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Jen Is the Maker of a Note, on Which Bart

Question 41

Multiple Choice

Jen is the maker of a note, on which Bart is secondarily liable. Credit Instruments Company (CIC) is the current holder of the note. Bart will be obligated to pay the note if​


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

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