Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Valiant Construction Inc. has assigned its contractual right to payment from one of its customers to ABC Lumber Ltd. in order to satisfy its debt

Valiant Construction Inc. has assigned its contractual right to payment from one of its customers to ABC Lumber Ltd. in order to satisfy its debt to ABC. Which of the following statements is correct?

a. Valiant Inc. is now released from its obligations to its client.

b. This arrangement must be consented to by Valiant's client in order to be legally enforceable

c. This arrangement is valid even without the consent of Valiant's client.

d. ABC is liable to fulfill the contract in the event Valiant fails to do so.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Law Express Human Rights

Authors: Claire De Than

5th Edition

1292210214, 978-1292210216

More Books

Students also viewed these Law questions

Question

What is the level of significance of a test of hypothesis?

Answered: 1 week ago

Question

=+1. Describe the value chain of the media industry!

Answered: 1 week ago

Question

=+3. Draw the submodels of an integrated business model!

Answered: 1 week ago