Harold and Lloyd Are in a Contract to Buy and Sell

question 78

Multiple Choice

Harold and Lloyd are in a contract to buy and sell machinery. Lloyd assigns his rights to Barbara without telling Harold. Harold finds out and objects. Which of the following is true regarding notice of an assignment in this case?

• A) Harold is correct, notice is required for an assignment to be valid.
• B) Assignments are not effective until notice is given so Harold would need to be notified before Lloyd could legally assign his right.
• C) Notice is not required for a valid assignment, but is a good idea and Lloyd would be wise to notify Harold.
• D) Harold is correct because notice of assignment must be provided in writing for an assignment to be valid.
• E) Harold is correct because notice must be provided either in writing or orally for an assignment to be valid.

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Definitions:

Emergency Response

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