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Bob the dentist is having problems collecting amounts due from his patients.He sells and assigns the rights to these amounts,called accounts receivables,to Collect Company.Bob notifies the patients who owe money to pay Collect Company instead of him.Many patients,however,do not want to bother with Collect Company and continue to send payments to Bob.Unfortunately,Bob spends these amounts and ends up going bankrupt because of poor office practices and some dental malpractice claims.Collect Company sues the patients who paid Bob assigned amounts after they were notified of the assignment.Those patients say that they do not want to pay twice and that they already paid Bob.They say it is not their fault that he is a crummy dentist.Who is legally right?
Freight-Absorption Pricing
A pricing strategy where the seller absorbs all or part of the freight charges to encourage business in competitive markets or remote locations.
Resale Price Maintenance
An agreement between a supplier and a retailer in which the retailer agrees to sell a product at a specific price or above.
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Retail or online stores offering electronic goods at reduced prices, typical of items that are surplus, refurbished, or off-season.
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Shelving units or frameworks designed for the organized storage of items, goods, or materials in both residential and commercial spaces.
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