Elvin Fraudulently Induces Franz,a Consumer,to Sign a Promissory Note to Buy

Multiple Choice

Elvin fraudulently induces Franz,a consumer,to sign a promissory note to buy a speedboat. Elvin sells the note to Gaston,who takes it for value,in good faith,and without knowledge of the fraud. With respect to the defense against payment on the note to Elvin,Franz can

A) assert this defense against Gaston.
B) file for a property exemption.
C) exercise the right of subrogation.
D) obtain a deficiency judgment.