When Mosed T. Woodman finds out that Peepin lost his job, he begins foreclosure on Peepin'shouse unless Peepin assigns his book royalites to the bank. Peepin does. Later in court finds that this assignment was invalid. Why?

Group of answer choices

Lack of consideration---the bank did not have the right to foreclose and thus did not give anything as consideration for the royalties

The assignment was for a personal benefit that Peepin was receiving and personal contracturalrights are not assignable

Peepin was under duress and as such the contract lacked legal purpose and was invalid

Moses Woodman defrauded Peepin and thus created harmless misrepresentation voiding out theassignment

Woodman lacked the authority to speak for and act as an agent for the bank