Question
Edward Hosch entered into four loan agree-ments with Citicapital Commercial Corporation to finance the purchase of heavy constructionequipment. Four months later, Citicapital merged into Citicorp
"Edward Hosch entered into four loan agree-ments with Citicapital Commercial Corporation to finance the purchase of heavy construction""equipment. Four months later, Citicapital merged into Citicorp Leasing Corporation, Inc, which was then renamed GE Capital Commercial, Inc. A year later, GE Capital assigned most of the loans to Colonial Pacific Leasing Corporation via a writ-ten assignment. Hosch subsequently defaulted on the loans, and Colonial provided a notice of default and demanded payment. Hosch failed to repay the loans, so Colonial sued to collect them, submitting a copy of the written assignment as evidence, but not submitting any evidence that Hosch had been notified of the assignment. The trial court granted summary judgment to Colonial and entered final judgment against Hosch. On appeal, could Horsch argue that the assignment was invalid because he had not been notified of the assignment?"
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started