Retna purchased a new car from Brandy Motors and agreed to pay for it in monthly payments over a three-year period. Six months after purchasing the car, Retna ran into financial difficulties and could not afford to keep the car. She sold the car to Banks, who agreed to continue making the monthly payments until the car was paid off. If Banks fails to make payments as agreed, the party responsible for these payments is

Question

Quizplus · Accepted Answer

Retna is responsible for the payments because she is the original party who entered into the contract with Brandy Motors. Selling the car to Banks and having him agree to make payments does not legally transfer the obligation to pay unless the creditor (Brandy Motors) agrees to this arrangement.

Retna Purchased a New Car from Brandy Motors and Agreed