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2) Smith, a piano student, enters into a contract to take ten piano lessons from Jones, a piano teacher. Each lesson is to cost $100
2) Smith, a piano student, enters into a contract to take ten piano lessons from Jones, a piano teacher. Each lesson is to cost $100 for a total cost of $1,000. The total fee of $1,000 is to be paid in two installments of $500, with the first installment due one week after the completion of the fifth lesson and the second installment due one week after the 10" lesson. Smith and Jones have just completed 5 lessons, and the first installment is due in one week. Smith has decided that she does not want to take the remaining five lessons, but there is no provision in the contract allowing her to cancel the contract. Can Smith assign the right to the remaining five lessons to Andrews, who is a friend of Smith? Can Jones assign the right to be paid the first installment of $500 to the ABC Finance Company? fences
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