mentally incompetent
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Free InquiryBrown cosigned Royal’s $50,000 note to State Bank. If Royal is later adjudicated mentally incompetent, what would be Brown’s liability on the note?
A.Liable to pay State on the due date of the note.
B.Liable to pay State only if State first seeks payment from Royal.
C.Not liable to pay State because Royal’s incompetency discharges Royal as a surety.
D.Not liable to pay State unless Brown was a compensated surety.
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