Larry enters into a loan contract with Bank of San Diego, under which Bank of San Diego agrees to loan Larry $$500,000$ and Larry agrees to pay back the loan, plus $10\%$ interest, within one year. Bank of San Diego then transfers its interest under the loan contract to Bank of California. Larry fails to pay back the loan within one year and Bank of California attempts to enforce the loan agreement. Which of the following is true?

$$ The Bank of California can enforce the loan contract because Bank of San Diego delegated its duties to the Bank of California.

$$ Bank of California can enforce the loan contract because Bank of San Diego assigned its right to Bank of California.

$$Bank of California cannot enforce the loan contract because it was not a party to the loan contract.

$$Bank of California cannot enforce the loan contract because it lackconsideration.