Wendell promised to make Nellie a loan of $180,000 if Nellie obtained sureties to secure the loan.Nellie entered into an agreement with Caroline, Gwen and Penny to act as co-sureties on her loan from Wendell.The agreement between Nellie and the co-sureties provided for compensation to be paid to each of the co-sureties.It further indicated that the maximum liability of each co-surety would be as follows:

Caroline $180,000; Gwen $60,000 and Penny $120,000

Wendell accepted the commitment of the sureties and made the loan to Nellie.After paying nine installments totaling $90,000, Nellie defaulted.Gwen's debts (including her surety obligation) are discharged in bankruptcy.Subsequently, Caroline properly paid the entire debt outstanding of $90,000.

What amounts may Caroline recover from the co-sureties?

GwenPenny

A.$0$30,000

B.$0$36,000

C.$15,000$30,000

D.$30,000$30,000

a.Option A

b.Option B

c.Option C

d.Option D