Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson

Exercise 3

New Century Financial Services, Inc. purchased charged-off credit card debt from credit card issuers and attempted to collect the debt from card holders. New Century sued two debtors, Ahlam Oughla and Azeem Zaidi, and claimed that as the assignee of their debt, Oughla and Zaidi owed New Century the amount of the charged-off credit card debt. Oughla and Zaidi argued, among other things, that the assignment of their debt to New Century was invalid, because New Century failed to notify them of the assignment. Was New Century required to give notice of the assignment to the debtors?