Fenna Created a Promissory Note for $10 000 That Was

Multiple Choice

Fenna created a promissory note for $10 000 that was payable to the order of Mark.She delivered that instrument to him.Mark is indebted to Muriel for $10 000.He wants to discharge that debt by allowing Muriel to receive payment under the note that Fenna created.Muriel is unsure whether Fenna or Mark would be capable of actually paying $10 000 if asked to do so.However, Muriel is confident that Mark's brother, Cameron, is capable of paying $10 000.Which of the following statements is TRUE?

A) Mark is not entitled to negotiate Fenna's note to Muriel if that note is payable on demand.
B) Muriel's wishes can be satisfied by the creation of a special endorsement by Mark and an accommodation endorsement by Cameron.
C) Muriel's wishes can be satisfied by the creation of a special endorsement by Mark and an identifying endorsement by Cameron.
D) Muriel's wishes can be satisfied by the creation of a special endorsement by Mark and an accommodation endorsement by Fenna.
E) Cameron cannot be held liable unless he becomes the holder of the note at some point.