Question
1.Janet borrows $12,000 from Best Buy Auto Sales to buy a truck. When Janet does not pay the loan or return the truck, Best Buy
1.Janet borrows $12,000 from Best Buy Auto Sales to buy a truck. When Janet does not pay the loan or return the truck, Best Buy wants to transfers the right to the payment to ABC Collection Agency. ABC agrees to pay Best Buy for this right, but for a price that is discounted (less than the amount due). Can Best Buy transfer this right to ABC without Janets consent? If so, and Best Buy committed fraud in the deal with Janet, could Janet legitimately refuse to pay ABC? Explain.
2.Sams Plumbing, Inc., owes Finet Company $8,500. Sams Plumbing enters into a contract with Jayco Leasing Inc. under which Sams Plumbing promises to fix plumbing needs on Jayco Leasing Inc.s property. Under the contract, Jayco Leasing Inc. promises to pay Finet the amount that will be due Sams Plumbing until Sams Plumbings debt to Finet is paid. Sams Plumbing performs as promised, but Jayco Leasing Inc. does not pay Finet. Can Finet succeed in a suit against Jayco Leasing Inc.? Why or why not?
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