Multiple Choice
What would be the likely result of a lawsuit brought by Richard against Jan to recover the $800?
A) Richard will win because Jan accepted the risk that the contract would be assigned.
B) Richard will win only so long as Billy has not been declared bankrupt because Jan will be able to recover the amounts at issue from Billy.
C) Richard will win only so long as the assignment was for an amount under $1,000.
D) Jan will win because she had no notice that the contract had been assigned and could, therefore, legally pay Billy.
E) Jan will win only so long as the assignment was for an amount over $500.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: A[n] _ beneficiary is a third party
Q22: Maurice is excited because a developer plans
Q25: Which of the following is an exception
Q35: A[n] _ beneficiary is a third party
Q36: A third party,who is not part of
Q39: What is the term for the third
Q41: Which of the following is true regarding
Q43: Creditor beneficiaries can enforce their rights under
Q44: Paul and Mary have an agreement that
Q77: The state of New York does not