Karen borrows $10, 000 from Celeste.Karen is to pay Celeste the principal amount, with 8 percent interest, over five years in 60 equal monthly payments.After one year of receiving proper payments from Karen, Celeste assigns this right to receive future payments to Larry.Who has the duty to notify Juan about the assignment?

Question

Quizplus · Accepted Answer

After assigning the right to receive future payments to Larry, Celeste no longer has the responsibility to notify Juan about the assignment. The duty falls on Larry as the new assignee.

Karen Borrows $10, 000 from Celeste