The Hendersons Have Purchased Their New Riding Lawnmower on a Conditional

Multiple Choice

The Hendersons have purchased their new riding lawnmower on a conditional sale contract.They have just been notified that the contract was assigned to a finance company.The Hendersons may now

A) have the protection of a holder in due course as guaranteed by the Bills of Exchange Act.
B) expect to have the same defences they had against the retailer.
C) have to sue for their rights under the contract.
D) be subject to all the personal defences that the seller has against the conditional buyer.
E) have the benefits of a cut-out clause.