Solved

Indira Owed $5000 to Patrice

Question 50

Multiple Choice

Indira owed $5000 to Patrice.On a different matter, Juan owed $5000 to Indira.In an attempt to be clear of both situations, Indira equitably assigned her rights against Juan to Patrice.Which of the following statements is most likely to be TRUE?


A) The assignment will not come into existence until Patrice notifies Juan.
B) If Indira learns that she has a defence against Patrice, and if that defence arose from the same contract that required Indira to pay $5000 to Patrice, then Juan is not required to pay anything to Patrice under the assignment.
C) The assignment is invalid unless it is evidenced in writing.
D) If Juan pays $5000 to Indira after Patrice has notified Juan about the assignment, Juan will have to pay $5000 to Patrice.
E) For the purposes of the assignment, Patrice is the creditor, Juan is the debtor, and Indira is the assignor.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions