This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: On September 1, Beeton contracted to sell $4000 worth of specified Kenyan lumber to Cairns. Beeton ... (Read 46 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
on: Aug 7, 2021
On September 1, Beeton contracted to sell $4000 worth of specified Kenyan lumber to Cairns. Beeton expected the arrival of the lumber soon, so the delivery date was set for September 8. On September 5, Beeton assigned, in writing, his contractual right to receive the $4000 to his bank, which was pressing him to reduce his $17 000 debt. The bank sent a written notice to Cairns instructing him to forward the $4000 to the bank and not to pay Beeton directly. Unknown to either Beeton or Cairns, the lumber had been lost at sea in August, before they had even entered the contract. On these facts, which of the following is true?
◦ Because the assignment was made by Beeton to his bank in good faith, Cairns must pay the bank $4000.
◦ This assignment was not a statutory assignment (i.e., it failed to satisfy the statutory requirements for enforcement by the assignee against the debtor).
◦ Because the goods bargained for had perished before the parties had contracted for them, the court would hold the contract void.
◦ The assignee would receive whatever the assignor had assigned to him, namely, the $4000.
◦ The time for determining the "equities between the parties" is always the time that notice of the assignment is given.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by cartlidgeashley on Aug 7, 2021

duke02

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 59% of students answer this correctly


cartlidgeashley

  • Member
  • Posts: 572
Reply 2 on: Aug 7, 2021
YES! Correct, THANKS for helping me on my review

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

The ozone hole in September, 2003. Even as scientists verified that the rate of ozone depletion was The ozone hole in September, 2003. Even as scientists verified that the rate of ozone depletion was
Cairns Birdwing (Ornithoptera euphorion): Australia's largest endemic butterfly Cairns Birdwing (Ornithoptera euphorion): Australia's largest endemic butterfly
The terrorist attack of September 11, 2001, is surely a defining event for the cohorts who experienc The terrorist attack of September 11, 2001, is surely a defining event for the cohorts who experienc
September 11, 2001. September 11, 2001.
The muscle segment, muscle segment with sarcomere, and relaxed and contracted sarcomeres. The muscle segment, muscle segment with sarcomere, and relaxed and contracted sarcomeres.
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: DNA Replication

For a complete list of videos, visit our video library