Ada is the maker of a note, on which Bart is secondarily liable. Credit Instruments Company is the current holder of the note. Bart will be obliĀ¬gated to pay the note if

a. Ada defaults on the note.
b. Credit Instruments breaches a transfer warranty.
c. Credit Instruments negotiates the note to Delta Collection Agency, a third party.
d. Credit Instruments presents the note for payment.


A

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