Question
Lyle borrows $355,000 from Wehner Company Credit & Debit to buy new equipment for Lyle's restaurant.When Lyle does not pay the loan, Wehner Company wants
Lyle borrows $355,000 from Wehner Company Credit & Debit to buy new equipment for Lyle's restaurant.When Lyle does not pay the loan, Wehner Company wants to transfer the right to the payment to Reliant Collection Agency. Reliant Collection agrees to pay Wehner Company for this right, but for a price that is less than the amount owed. Can Wehner Company transfer this right to Reliant Collection without Lyle's consent?If so, and Wehner Company committed fraud in the deal with Lyle, could Lyle legitimately refuse to pay Reliant Collection? Explain.
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