• Arthur sold his Bentley to Michael. Michael agreed to pay the existing debt in form of an unsecured loan. The Safety Bank, which held the promissory note, released Arthur from liability on the debt. The above declared transaction relating to the mortgage debt is
• A.A delegation.
• B.Not a release of Arthur if Michael defaults, and the proceeds from the sale of the mortgaged house are insufficient to satisfy the debt.
• C.Invalid in that the bank did no receive any additional consideration from Arthur.
• D.A novation.