Mr. Zink hired Bruce Dorne to create a payroll program for his business. Bruce was to be paid $4000 for the program. When Bruce was halfway finished, a creditor to whom he owed $2000 pressed so hard for payment that Bruce assigned him $2000 of the contract price, an amount he felt he had earned already. The creditor, Mr. Pressing, gave written notice that very day to Mr. Zink. On these facts, which of the following is true? (Read each statement separately.)
◦ Zink must pay $2000 to Pressing on the day the notice was given, because at that time Bruce had done half of the work on the $4000 contract.
◦ This assignment is a statutory assignment, not an equitable assignment.
◦ If Bruce bungled the assignment and the court determined that nothing was owed to him, Pressing could still get $2000 from Zink.
◦ This type of assignment is not recognized by the courts because it is an assignment of contractual obligations.
◦ Pressing is entitled to $2000 from Zink when the contract is completed, if at least that much is owed to Bruce by Zink at that time.
Bruce Alberts
Japanese farmers create pentagon-shaped oranges
An agglutination inhibition reaction. Commercial kit materials would create an agglutination ...
How to create a price index to calculate inflation for a basket of goods
International Business: The Challenges of Globalization, 8th Edition
Business Math Question Solution