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

Author Question: Adam bought a boat from Charlie for $900 payable on November 6. On November 6, when Charlie came for ... (Read 28 times)

Deast7027

  • Hero Member
  • *****
  • Posts: 538
on: Aug 7, 2021
Adam bought a boat from Charlie for $900 payable on November 6. On November 6, when Charlie came for the money, Adam didn't have it. Adam was, however, employed by Ms. Bey to do some market research. He was to be paid $1000 for his report, due on November 12. Charlie wanted an assignment of $900 of the amount Adam expected to receive November 12. Adam wrote out an assignment with all of the essential information and signed it. Charlie gave written notice of the assignment with all pertinent information to Ms. Bey the next day, November 7. On November 12, Adam had not finished his report. The contract provided that he would lose $100 for every week he was late. Adam was two weeks late in submitting his report. Which of the following is true?
◦ The assignment fails to be an assignment at all because Adam failed to get the consent of Ms. Bey.
◦ Ms. Bey must honour the notice of assignment by paying out the $900 on the day the notice was received.
◦ This assignment is a statutory assignment.
◦ Charlie, the assignee, would receive $800 from Ms. Bey and have to look to Adam for the other $100 owed.
◦ Charlie would get nothing because Ms. Bey owed less than the amount assigned.
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 Deast7027 on Aug 7, 2021

cclemon1

  • 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 25% of students answer this correctly


Deast7027

  • Member
  • Posts: 538
Reply 2 on: Aug 7, 2021
Excellent

debra928

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

The killer whale named Old Tom swims alongside a whaling boat, flanking a whale calf. The boat is be The killer whale named Old Tom swims alongside a whaling boat, flanking a whale calf. The boat is be
Many thought ideological politics was over in the United States, but 2012 showed strong ideological Many thought ideological politics was over in the United States, but 2012 showed strong ideological
On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb
President-elect Barack Obama, his daughters, and wife, Michelle, celebrate his victory in November 2 President-elect Barack Obama, his daughters, and wife, Michelle, celebrate his victory in November 2
Charlie Chaplin in The Gold Rush. Charlie Chaplin in The Gold Rush.
Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ... Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ...
Video: Chemical Buffers - protein buffer, phosphate buffer system and bicarbonate buffer system

For a complete list of videos, visit our video library