Herman is owed money from Victoria and owes money to Lyndon.In order to satisfy his contractual debt to Lyndon,he assigns the debt from Victoria to Lyndon.Lyndon accepts,but does not tell Victoria,assuming Herman will.Which of the following is true?
A) Because this is an equitable assignment,it is Herman's duty to inform Victoria of the assignment.
B) If Victoria pays Herman,Lyndon has no way of recovering the debt.
C) If Lyndon breaks the contract,Victoria can sue both him and Herman.
D) If Victoria pays Herman,Lyndon must sue Herman to recover his money.
E) If Victoria pays Herman,Lyndon must sue Victoria to recover the money.
Correct Answer:
Verified
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