Simon Bought a Used Yacht from Marvel's Marina and Boatyard

Multiple Choice

Simon bought a used yacht from Marvel's Marina and Boatyard for $70,000 to be paid in installments 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 and N) . The first Simon knew of this was when he received copies of both contracts and a notice to pay the payments to S and N. In the situation given, which of the following is most correct?

A) Simon must make the payments to S and N from now on.
B) Simon can make the payments to either Marvel or S and N, and, if he makes them to Marvel, Marvel is obligated to forward them to S and N.
C) Marvel cannot pass its contractual rights to someone else without Simon's agreement.
D) S and N cannot force Simon to pay them since they lack privity of contract with him.
E) C and D.