Rhett decides to sell his house in Atlanta on Peachtree Street and move back to his hometown of Charleston, South Carolina. Scarlett offers to buy Rhett's house on Peachtree Street and assume his existing mortgage on the house. If she buys the house and assumes the mortgage, which would be true?

Scarlett would be liable on Rhett's mortgage.

Scarlett would not liable on Rhett's mortgage.

Rhett would be Scarlett's new landlord.

Scarlett and Rhett would own the home together.