Bill Has a Right Against Heather and Assigns It for $100

question 68

Multiple Choice

Bill has a right against Heather and assigns it for $100 to Dan.Later,Bill grants Heather a release.Bill:

• A) is liable to Dan for damages because he breached an implied warranty.
• B) has no liability to Dan because he did not expressly warrant that he would not impair the assignment.
• C) has no liability to Dan because the only implied warranty he made was that the assigned right actually existed at the time of the assignment.
• D) was acting contrary to public policy by assigning a contractual right for money.

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Definitions:

Cryptocurrency

A digital or virtual currency that uses cryptography for secure financial transactions, and operates independently of a central bank.

Public Ledger

A ledger available to the public that records all transactions in a network, commonly associated with blockchain technology.

Codec

A device or program that compresses data to enable faster transmission and decompresses received data.

MPEG-4

A method of defining compression of audio and visual (AV) digital data, introduced to provide improved multimedia capabilities.