Question: = ( i ) Help Save & Exit Submit Naseem borrows money from Commerce Bank to purchase a house. However, he moves to another city
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Naseem borrows money from Commerce Bank to purchase a house. However, he moves to another city to attend graduate school and sells the house to Marla. Naseem wants to be released from his payment obligations to Commerce Bank. Which of the following would release Naseem from his liability to Commerce Bank?
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delegation of the payment obligation by Naseem to Maria will release Naseem from liability.
A delegation of the payment obligation to Maria along with a written notice to Commerce Bank can release Naseem from liability.
The sale of the house by Naseem to Maria involuntarily releases his payment obligation.
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