Conrad, an accountant, who performed tax services for Glenn, a small business owner, earned a $5,000 fee over a three-month period. Conrad then assigned this fee to her bank to apply toward a loan. Based on this information, which of the following statements is correct?
A) Legally, Conrad's claim is not assignable.
B) Only claims other than money are assignable.
C) Conrad's right to the $5,000 fee is assignable because it involves a claim for money.
D) Conrad's right to collect $5,000 is not assignable without the bank's permission.
Correct Answer:
Verified
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