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Wally buys a new Ram truck from Ripon Ram for $40,000.Under the contract, Wally promises to make a $10,000 payment and to pay the balance

Wally buys a new Ram truck from Ripon Ram for $40,000.Under the contract, Wally promises to make a $10,000 payment and to pay the balance at $566 per month for 60 months. He makes the down payment and gets the keys to the Ram.Ripon Ram has an arrangement with Bank of Ripon to buy contracts like this and as usual, Ripon Ram assigns the contract without recourse to the bank. If Wally fails to make his monthly payments,

A.Ripon Ram has no further responsibility or involvement in the contract.

B.Ripon Ram must make the missing payments to the bank.

C.Ripon Ram is entitled to repossess Wally's Ram.

D.Wally must make arrangements with Ripon Ram to deal with the delinquent payments.

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