Question
Brianna borrowed money from First City Bank to open a new shopping center in which she rents space exclusively to businesses who provide products that
Brianna borrowed money from First City Bank to open a new shopping center in which she rents space exclusively to businesses who provide products that are homemade, environmentally friendly or all-natural. A store selling homemade soaps in a store called Bubbles & Suds has already contracted to lease a space in the building, even though it is not yet complete. Brianna assigned the rent checks from Bubbles & Suds, once they begin paying rent, to First City Bank in repayment for the loan. Is this a legal assignment?
a. The assignment cannot be made because Bubbles & Suds has not moved into the space yet.
b. The assignment can be made on future or expected rights to money.
c. Bubbles & Suds can make the assignment, but Brianna cannot.
d. The assignment can be made only if Bubbles & Suds agrees.
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