Henry was owed $10,000 by Jones Corp. In consideration of the many odd jobs performed for him
Question:
Henry was owed $10,000 by Jones Corp. In consideration of the many odd jobs performed for him over the years by his nephew, Henry assigned the
$10,000 claim to his nephew Charles. Henry died, and his widow claimed that the assignment was ineffective so that the claim was part of Henry’s estate. She based her assertion on the ground that the past performance rendered by the nephew was not consideration. Was the assignment effective?
Appendix
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Anderson's Business Law And The Legal Environment
ISBN: 9780324638189
20th Edition
Authors: David P Twomey, Marianne M Jennings, Ivan Fox
Question Posted: