Sylvia obtained a full release from the payment of her car loan when she gave the car to her friend Victoria, who agreed to make all the remaining payments. The arrangement was acceptable to the bank that had made the loan. The bank cancelled the loan and replaced it with one in Victoria's name. This is

a.an example of a chose in possession.

b.an example of a chose in action.

c.a novation.

d.a guarantee.

e.an equitable assignment.