What would be the likely result of a lawsuit brought by Richard against Jan to recover the $800?
A) Richard will win because Jan accepted the risk that the contract would be assigned.
B) Richard will win only so long as Billy has not been declared bankrupt because Jan will be able to recover the amounts at issue from Billy.
C) Richard will win only so long as the assignment was for an amount under $1,000.
D) Jan will win because she had no notice that the contract had been assigned and could, therefore, legally pay Billy.
E) Jan will win only so long as the assignment was for an amount over $500.

Question

Quizplus · Accepted Answer

The assignee should always give notice to the obligor as soon as possible after receiving the assignment, because the obligor may satisfy his or her obligations by performing for the assignor until receiving notice of the assignment from the assignee.

What Would Be the Likely Result of a Lawsuit Brought