Ron owes Lloyd $500 due March 1.Lloyd assigns his right to the money to Lou,but neither Lloyd nor Lou notifies Ron.On March 1,Ron pays Lloyd the $500.Ron is not discharged from his obligation,but is liable to Lou for the money.

Question

Quizplus · Accepted Answer

Ron is discharged from his obligation because he was not notified of the assignment from Lloyd to Lou and made the payment in good faith to Lloyd, the original party to whom he owed the money.

Ron Owes Lloyd $500 Due March 1