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Laminate LLC agrees to buy factory equipment from Metalwork Company on the seller s misrepresentation that it meets certain specifications. Metalwork assigns the right to

Laminate LLC agrees to buy factory equipment from Metalwork Company on the seller s misrepresentation that it meets certain specifications. Metalwork assigns the right to payment on the deal to Nations Credit Corporation. When the buyer discovers the fraud, the firm returns the equipment and cancels their contract. Laminate" must pay the entire contract price to Nations Credit. need not pay any of the contract price to Nations Credit. must reimburse Nations Credit for costs with respect to the assignment. must pay a prorated amount of the contract price to Nations Credit

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