Box Co.assigns a conditional contract with Yee to Zip Finance on November 10.Zip Finance notifies Yee of the assignment on November 17.Yee had mailed his cheque to Box Co.on November 12,although it wasn't due until November 15.
-Yee must put a stop payment on the cheque to Box Co.and issue a new one to Zip Finance for the November 15 payment.

Question

Quizplus · Accepted Answer

Yee is not required to stop payment on the cheque to Box Co. because he was not notified of the assignment to Zip Finance until after he had already mailed the cheque. The payment obligation was fulfilled when he mailed the cheque to Box Co.

Box Coassigns a Conditional Contract with Yee to Zip Finance on on November