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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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