Multiple Choice
Karen borrows $10,000 from Celeste.Karen is to pay Celeste the principal amount,with 8 percent interest,over five years in 60 equal monthly payments.After one year of receiving proper payments from Karen,Celeste assigns this right to receive future payments to Larry.Who has the duty to notify Celeste about the assignment?
A) a notary public
B) Larry
C) Karen's attorney
D) the authority who drafted the contract
Correct Answer:

Verified
Correct Answer:
Verified
Q24: Ellen,who has a safe driving record,purchases automobile
Q25: If an assignee fails to provide a
Q26: A transfer of contractual duties by an
Q27: In case of a condition precedent,if the
Q28: If an obligor continues to make payments
Q30: It is legal for some contracts to
Q31: James hires Franco for a painting job.Their
Q33: The usual period for bringing a lawsuit
Q34: The transfer of contractual rights by an
Q74: _ is an objective test that applies