Parker owes money to both Gregory and Williams.He agrees with Williams to assign to him the whole of his property if Williams will pay the debt due to Gregory.The property is duly assigned,but Williams fails to pay Gregory.Gregory and Parker sue in equity to compel performance of William's promise.In this situation,
A)the lawsuit by Parker and Gregory will succeed.
B)Gregory acquired an equitable right through the mediation of Parker's agreement.
C)Parker will be regarded as trustee for Gregory.
D)Parker need not have joined Gregory in the law suit.
E)all of the above

Question

Quizplus · Accepted Answer

- The lawsuit by Parker and Gregory will succeed because Williams failed to fulfill his promise to pay the debt to Gregory.
- Gregory acquired an equitable right through the mediation of Parker's agreement because Parker assigned his property to Williams in order to pay off his debt to Gregory.
- Parker will be regarded as a trustee for Gregory because Parker agreed to assign his property to Williams in order to pay off his debt to Gregory, making Parker a trustee for Williams and Gregory.
- Parker needed to join Gregory in the lawsuit because they both had a claim to the debt owed by Williams.

Parker Owes Money to Both Gregory and Williams