[Paying Debts] Felicia Writes a $500 Promissory Note to Arut

[Paying Debts] Felicia writes a $500 promissory note to Arut. Arut, who owes money to Gibson, endorses the note and gives it to Gibson. Gibson then pays off a debt to Branson with the $500 note. Branson, who has some business dealings with Felicia, writes "Pay to the order of Felicia" on the same $500 note, places as "X" where his signature should be, and transfers the note to Felicia, who endorses the note to Tonya.
-Since Tonya is now the holder of the note, who is liable to Tonya on the promissory note?

A) Felicia is primarily liable, and Arut, Gibson, and Branson are secondarily liable.
B) Felicia, Arut, Gibson, and Branson are equally liable.
C) Only Felicia, because the liability of past holders was renunciated.
D) Only Felicia, because when Felicia reacquired the note, she cancelled Arut's, Gibson's, and Branson's endorsements.
E) Felicia is primarily liable, and Arut and Gibson are secondarily liable. Branson is not liable since he did not sign the note.