Question: Ted, an owner of a home, has a note with a bank that he obtained when he purchased the home. Ted enters into a sales contract with Jennifer whereby Ted will transfer the duties he has under the contract with the bank to Jennifer. Jennifer will be primarily responsible for payment on the note, but the bank will continue to hold Ted secondarily responsible on the note unless he is released from liability. If the bank substitutes Jennifer on the note but refuses to release Ted from liability, this is referred to as a(n): Question options: substitution accord and satisfaction breach of contract novation