Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mary was a world-famous chef who was hired to work at Anne's restaurant. According to the terms of the contract, which was signed and effective

Mary was a world-famous chef who was hired to work at Anne's restaurant. According to the terms of the contract, which was signed and effective on January 1st, Anne agreed to pay Mary $15,000 per month, and Mary agreed to work as a chef for 6 months. Mary transferred her right to February's payment to her friend Jennifer. Jennifer did not give Mary anything for the right to payment; Mary was just being nice.

On April 15th, Anne sold her restaurant to Matt. As part of the sale, Anne transferred to Matt the right to have Mary work at the restaurant.

Mary decided she did not want to work at the restaurant if Matt owed it, so on May 1st, she paid Carrie $20,000 and transferred her obligation to work as a chef to Carrie.

  • Identify the type of transfer from Mary to Jennifer and discuss the relevant Chapter 16 law to explain if the transfer is valid. (Write at least 2-3 sentences).
  • Identify the type of transfer from Anne to Matt and discuss the relevant Chapter 16 law to explain if the transfer is valid. (Write at least 2-3 sentences).
  • Identify the type of transfer from Mary to Carrie and discuss the relevant Chapter 16 law to explain if the transfer is valid. (Write at least 2-3 sentences).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

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

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Law questions