Same Scenario as prior question for DEF Corp. Doug, Elbert, and Fran form DEF Corporation by transferring the following: Stock Received From = Transferor Property Transferred 10-Year Notes Doug $75,000 $75,000 $0 Elbert $25,000 $25,000 $0 Fran $25,000 $0 $25,00 Woul Does the above transfer qualify Fran for nonrecognition of gain or loss under Code Sec. 351? O A. Yes, control was obtained in the transfer. B. Yes, transfers to start a corporation are always allowed to exclude gains in transfer. C. No, she did not receive stock D. No, the note disqualifies the transfer