June Purchases $8,000 of Goods from Will on Thirty Days

question 53

Multiple Choice

June purchases $8,000 of goods from Will on thirty days' credit, and Will assigns the account to Mark.If June finds the goods defective and only worth $6,000:

• A)she has no defense against full payment since the account was assigned.
• B)she only needs to pay Mark $6,000 if Mark had notified her of the assignment.
• C)Mark is entitled to the full $8,000 since he acquires rights greater than those of Will, who assigned the contractual rights to payment.
• D)she must pay $6,000 directly to Will regardless of whether Mark notified her of the assignment.

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Definitions:

Thyroid Gland

An endocrine gland located in the neck, producing hormones that regulate metabolic rate and protein synthesis.

Endocrine System

A network of glands in the body that produce hormones, which regulate metabolism, growth and development, tissue function, and mood.

Medical Abbreviation

Shortened forms used in medical documentation and communication to represent terms, procedures, pharmaceuticals, and diagnoses.

Upper Respiratory Infection

An infection that occurs in the upper part of the respiratory tract, which includes the nose, throat, and bronchi, commonly known as the common cold.