Efron borrows money to pay his tuition and signs a note payable to First Citizens Bank. The bank assigns the note to Guaranty Bank. The assignment

a. does not affect Efron's obligation to pay the note as promised.
b. frees Efron of the obligation to pay the note.
c. results in Guaranty Bank's co-liability on the note with Efron.
d. results in Guaranty Bank's co-liability on the note with First Citizens Bank.

A

Business

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Indicate whether the statement is true or false

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