Although Zlotnic had been in business for a long time, he had been forced to borrow heavily in the last few years. When his debt reached the limit of his line of credit, $100 000, the manager of Regal Bank called him in for a talk. Subsequently, Zlotnic sold his house for $250 000 to the Johnsons. He contracted to buy another house from the Scotts. From the proceeds he anticipated receiving from the Johnsons, he assigned $200 000 to the Scotts, the purchase price of their house, and assigned $50 000 to Regal Bank to reduce his debt. The assignment to the Scotts was in writing; the assignment to the bank was not. The Scotts gave written notice of the assignment to the Johnsons on March 1, the day the money was owed to Zlotnic. The Johnsons verified the assignment and paid out the $200 000 to the Scotts. On March 2, Regal Bank gave written notice of its assignment to the Johnsons. Unfortunately, at that time only $45 000 was owing to Zlotnic because the Johnsons had paid $5000 to Canada Revenue Agency for Zlotnic. On these facts, which of the following is true?
◦ The assignment to the bank is not enforceable because it was not in writing.
◦ Regal Bank has no claim since the Johnsons didn't owe Zlotnic the specified $50 000 at the time of the assignment.
◦ Zlotnic needed the permission of the Johnsons, the debtors, before he could make any assignments.
◦ Regal Bank must take "subject to the equities" between Zlotnic and the Johnsons (i.e., it can't receive the whole $50 000).
◦ The assignment to the bank is a statutory assignment.
The Role of the Hippocampus and Cerebral Cortex in Long-Term Memory Storage
Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho
Performing a Spirometry Test to Measure Forced Vital Capacity
Aggregates are people who happen to be in the same place at the same time.
Brush off front to finish. Long brushing strokes from head to feet to finish.
Clear the lower leg with long strokes. Start proximal to the ankle, and stroke to the knee and ...