Odessa owes Kevin $2,000.On July 1,Kevin assigns the right to the $2,000 to Troy.Thereafter,on July 15,Kevin assigns the same right to Donna,who in good faith gives value for it and knows nothing about the first assignee.In this case:
A) Troy has the right to the payment of $2,000.
B) Donna has the right to the $2,000.
C) neither Troy nor Donna can claim the $2,000.
D) the rule differs in different states.Depending on which rule a state follows,the answer will vary.

Question

Quizplus · Accepted Answer

The rule regarding assignment of rights can vary by jurisdiction. Some states follow the "first in time, first in right" rule, while others may follow the "bona fide purchaser" rule, which could give Donna the right if she acted in good faith and gave value without notice of the prior assignment.

Odessa Owes Kevin $2,000