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Author Question: Adam bought a boat from Charlie for $900 payable on November 6. On November 6, when Charlie came for ... (Read 165 times)

Deast7027

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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
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Marked as best answer by Deast7027 on Aug 7, 2021

cclemon1

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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.
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Deast7027

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Reply 2 on: Aug 7, 2021
Excellent

yeungji

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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