Jim's contract with Frank obligated Jim to pay Frank $10,000.Frank properly assigns the contract to Abel.At that time,Abel notifies Jim about the assignment.Jim,however,forgets and pays the $10,000 to Frank.By this time,Abel is screaming for his money.However,by then,Frank goes into bankruptcy.In this case:
A)Jim is liable to Abel for $10,000.
B)Abel is out of luck because Jim performed his obligation by paying Frank.
C)Jim is liable to Abel not for the $10,000,but for his breach of the implied warranty that the assignor is solvent.
D)Abel is out of luck because his notification was oral rather than written.

Question

Quizplus · Accepted Answer

Having been given adequate notice of the assignment,Jim may remain liable to the assignee even if he later renders performance to the assignor.Hence,Jim is still liable to Abel.

Jim's Contract with Frank Obligated Jim to Pay Frank $10,000