Quick Corp. has $270,000 of outstanding accounts receivable. On March 10, 1988, Quick assigned a $30,000 account receivable due from Pine, one of Quick's customers, to Taft Bank for value. On March 30, Pine paid Quick the $30,000. On April 5, Taft notified Pine of the March 10 assignment from Quick to Taft. Who is Taft is entitled to collect the $30,000 from?
A) Either Quick Corp. or Pine
B) Quick Corp. only
C) Pine only
D) Taft Bank cannot claim any money because it notified Quick Corp. too late
Correct Answer:
Verified
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