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Author Question: On September 1, Beeton contracted to sell $4000 worth of specified Kenyan lumber to Cairns. Beeton ... (Read 60 times)

cartlidgeashley

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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.


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Marked as best answer by cartlidgeashley on Aug 7, 2021

duke02

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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.
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cartlidgeashley

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Reply 2 on: Aug 7, 2021
Thanks for the timely response, appreciate it


Liamb2179

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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