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Simon bought a used yacht from Marvel's Marina and Boatyard for $70,000 to be paid in installments over six years. He traded in his smaller

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Simon bought a used yacht from Marvel's Marina and Boatyard for $70,000 to be paid in installments over six years. He traded in his smaller yacht for $10,000 at the same time, but Marvel wanted to keep the two transactions separate for financial reasons and he promised to issue a cheque to Simon for the trade-in Marvel assigned the $70.000 contract to Strait and Naro Finance (S and N). The first Simon knew of this was when he received copies of both contracts and a notice to pay the payments to S and N. In the situation given, which of the following is most correct? Simon can make the payments to either Marvel or S and N and, if he makes them to Marvel, Marvel is obligated to forward them to S and N. S and N cannot force Simon to pay them since they jack privity of contract with him. Marvel cannot pass its contractual rights to someone else without Simon's agreement Simon must make the payments to S and N from now on. Question 22 (1 point) Listen

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