Richard Oglethorpe owes Tammy Abramowitz $5,000 on a promissory note due and payable on November 1. On November 5, Abramowitz contractually transfers the right to receive the $5,000 to Kevin Albee in payment for a car Albee sold her. As part of the transaction, Abramowitz endorses the promissory note and transfers possession of the note to Albee. On November 7, Kevin notifies Oglethorpe that he is in lawful possession of the note and demands payment from Oglethorpe. Oglethorpe refuses to pay, claiming he owes no obligation to Albee, since he has never contracted with Albee. Is Richard Oglethorpe obligated to pay Kevin Albee the $5,000? If yes, what third party rights rules applies