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Which of the Following Is True Regarding Anne's Statement to Henry

Question 46

Multiple Choice

Which of the following is true regarding Anne's statement to Henry that he must seek recovery from Bob?


A) Anne is correct.
B) Anne is correct only if Bob is able to pay and has not filed bankruptcy.
C) Anne is correct in stating that Henry should seek recovery from Bob only if Millie has filed bankruptcy because, otherwise, Henry should be pursuing litigation against Millie.
D) Anne is correct unless the note is for over $10,000, in which case Henry can seek recovery from her without resorting to recovery from Bob or Millie.
E) Anne is incorrect. Henry may seek recovery from her without first seeking recovery from Bob.

Correct Answer:

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