Question
Roller Riders and Equipment (RR&E) leased bicycle equipment from Bobs Leasing. The lease said nothing about assignment. Bobs Leasing then assigned the lease to TBA
Roller Riders and Equipment (RR&E) leased bicycle equipment from Bobs Leasing. The lease said nothing about assignment. Bobs Leasing then assigned the lease to TBA as security for a loan. Bobs Leasing defaulted on its loan, and RR&E failed to make several payments on the lease. TBA sued RR&E for the lease payments. Was the assignment valid, given the fact that the original lease made no mention of it? (Explain why or why not) If the assignment was valid, may RR&E raise defenses against TBA that it could have raised against Bobs Leasing? (Explain your answer).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started