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.
American soldiers—some of them regulars in deep blue uniforms, others in buckskin cowboy outfits— fi
New Yorkers flee from the dust caused by the collapse of the twin towers of the World Trade Center f
September 11, 2001.
Sk September 12 2023 Part 1
SK September 15 2023
September 29 2023