Question
Which of the following is an example of Assignment? Elisabeth sells her car to Kate for $6,000. Kate does not have $6,000 right now, so
Which of the following is an example of Assignment?
Elisabeth sells her car to Kate for $6,000. Kate does not have $6,000 right now, so she sets up an agreement to pay Elisabeth $500 a month for the next 24 months. Elisabeth owes Ann $3,000, so after the first 12 months Ann receives the payments from Kate.
Christinas parents buy her a car. If the seller does not deliver the car, Christina can sue him.
Tonya signs a one-year rental agreement with the landlord for an apartment but wants to leave the lease six months in. With the approval of the landlord, she transfers the lease to Pablo who is now responsible for fulfilling the terms and conditions of the lease contract.
Sandra hires Jeffrey to remodel her kitchen. Jeffrey is planning to do almost all of the work himself, except for painting that is going to be done by Tim. Jeffrey is still responsible for the kitchen remodel, and he will receive the payment after the work is finished.
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