Edie fraudulently induces Franco, a consumer, to sign a promissory note to buy a speedboat. Edie sells the note to Gus, who takes it for value, in good faith, and without knowledge of the fraud. With respect to the defense against payment on the note to Edie, Franco can

A. assert this defense against Gus

b. File for property exemption

c. exercise the right of subrogation

d. obtain a deficiency judgment