Elin owes Floyd $10,000. Floyd assigns the claim to Gary. Gary does not notify Elin of the assignment. Later, Floyd assigns the same claim to Holly. Holly immediately notifies Elin of the assignment. Holly has priority to payment in
A)all states.
B)states that follow the English rule.
C)no state.
D)most states.

Question

Quizplus · Accepted Answer

In states that follow the English rule, the first assignee to notify the debtor of the assignment has priority. Since Holly was the first to notify Elin, she would have priority in these jurisdictions.

Elin Owes Floyd $10,000