Edwards Corp. lent Lark $200,000. At Edwards's request, Lark entered into an agreement with Owen and Ward for them to act as compensated co-sureties on the loan in the amount of $200,000 each. If Edwards releases Ward without Owen's or Lark's consent, and Lark later defaults, which of the following statements is correct?
A. Lark will be released for 50% of the loan balance.
B. Owen will be liable for the entire loan balance.
C. Owen will be liable for 50% of the loan balance.
D. Edwards's release of Ward will have no effect on Lark's and Owen's liability to Edwards.
C. Owen will be liable for 50% of the loan balance.
Business
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