This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Adam bought a boat from Charlie for $900 payable on November 6. On November 6, when Charlie came for ... (Read 156 times)

Deast7027

  • Hero Member
  • *****
  • Posts: 538
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Deast7027 on Aug 7, 2021

cclemon1

  • Sr. Member
  • ****
  • Posts: 312
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.
Answer Preview
Only 25% of students answer this correctly


Deast7027

  • Member
  • Posts: 538
Reply 2 on: Aug 7, 2021
YES! Correct, THANKS for helping me on my review

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Charles Darwin may be dead and gone but a recent write-in campaign has pitted him against Republican Charles Darwin may be dead and gone but a recent write-in campaign has pitted him against Republican
Michelangelo, The Creation of Adam (unrestored), ceiling of the Sistine Chapel. Michelangelo, The Creation of Adam (unrestored), ceiling of the Sistine Chapel.
A diver shines light up to the surface of a flat glass-bottomed boat at an angle of 30 relative ... A diver shines light up to the surface of a flat glass-bottomed boat at an angle of 30 relative ...
Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ... Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
November 28 2023 November 28 2023
Video: Passive Smoke Exposure

For a complete list of videos, visit our video library