Finest Office Company employs General Construction, Inc. (GCI), to renovate an office and signs a note for $10,000 payable to GCI. GCI breaches the contract, but sells the note for $5,000 to Happy Collection Agency, which knows that GCI has not performed. Happy is an HDC of the note in the amount of
A. $0.
B. $5,000.
C. $10,000.
D. $15,000.
Answer: A
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Answer the following statement true (T) or false (F)
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