The bank lends money to Jane to buy a car.After several months,Jane sells the car to Dan.Dan agrees to pay off the loan to the Bank.If Dan fails to pay the loan,then which of the following is true?
A) The bank may recover the amount due on the loan from Jane.
B) The bank may recover the amount due on the loan from Dan.
C) The bank may recover from either Dan or Jane.
D) The bank can repossess the car,but cannot collect money from anyone.
Correct Answer:
Verified
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