Multiple Choice
Rau obtains a loan from Security Funds and signs a note for the amount payable to the lender. Security Funds indorses the note and sells it to Tomas. With the intent to cancel Rau's obligation on the note, Tomas writes "Paid" across its face. This discharges the liability of
A) no one.
B) Rau only.
C) Rau and Security Funds.
D) Security Funds only.
Correct Answer:
Verified
Correct Answer:
Verified
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