expand icon
book Business Law 4th Edition by David Twomey,Marianne Jennings cover

Business Law 4th Edition by David Twomey,Marianne Jennings

Edition 4ISBN: 978-1133588245
book Business Law 4th Edition by David Twomey,Marianne Jennings cover

Business Law 4th Edition by David Twomey,Marianne Jennings

Edition 4ISBN: 978-1133588245
Exercise 5
Henry was owed $10,000 by Jones Corp. In consideration of the many odd jobs performed for him over the years by his nephew, Henry assigned the $10,000 claim to his nephew Charles. Henry died, and his widow claimed that the assignment was ineffective so that the claim was part of Henry's estate. She based her assertion on the ground that the past performance rendered by the nephew was not consideration. Was the assignment effective?
Explanation
Verified
like image
like image

Assignment - a party of a contract assig...

close menu
Business Law 4th Edition by David Twomey,Marianne Jennings
cross icon