The Smiths buy a house. They borrow 80 percent of the purchase price from the local ABC Savings and Loan. Before they make their first payment, ABC transfers the right to receive mortgage payments to Citibank. (See Assignments and Delegations.) 

(a) The first group will outline what would happen if the Smiths continued to make all their payments to ABC Savings and Loan because ABC never notified them of the assignment.

(b) The second group will describe what would happen if the Smiths were notified by ABC of the assignment but continued to make payments to ABC.

(c) A third group will determine what would happen if the Smiths failed to make any payments on the loan. Which financial institution would have the right to repossess their house?