Multiple Choice
Simon bought a used yacht from Marvel's Marina and Boatyard for $70,000 to be paid in instalments over six years.He traded in his smaller yacht for $10,000 at the same time,but Marvel wanted to keep the two transactions separate for financial reasons and he promised to issue a cheque to Simon for the trade-in.Marvel assigned the $70,000 contract to Strait and Naro Finance (S&N) .The first Simon knew of this was when he received copies of both contracts and a notice to pay the payments to S&N.
-Based on the above scenario,which is the most correct?
A) Simon must make the payments to S&N from now on.
B) Simon can make the payments to either Marvel or S&N,and,if he makes them to Marvel,Marvel is obligated to forward them to S&N.
C) Marvel cannot pass its contractual rights to someone else without Simon's agreement.
D) S&N cannot force Simon to pay it since the company lacks privity of contract with him.
E) c and d.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: Kathy sells her business to Lucy for
Q7: Misrepresentation by nondisclosure renders a contract voidable
Q14: Generally, a party is under a duty
Q62: Susan,who is functionally illiterate,asks her friend Jane
Q63: Sarah is suing her lawyer,Tom Takeitall,for the
Q64: In the presence of several witnesses,Quentin verbally
Q65: Sara purchased an old glass vase that
Q68: Ravi,an art collector,had been made a standing
Q69: Mathieson wanted to lease a suite in
Q71: Able contracts to build a computerized printing