Renie Has a Right to $1,000 Against Edd and Assigns

question 83

Multiple Choice

Renie has a right to $1,000 against Edd and assigns it for $850 to Megan in exchange for a week's stay at Megan's beach house. Later, Renie gives Edd a release. Megan:

• A) will be unaffected by Renie 's action.
• B) may recover damages from Renie for breach of an implied warranty.
• C) may recover damages from Edd for breach of an implied warranty.
• D) has lost her right and has no remedy.

---

Definitions:

Labor Force

The total number of people, including both the employed and those actively seeking employment, available to work in an economy.

Investment Spending

Expenditures on new physical capital, such as buildings, machinery, and equipment, intended to increase future production.

Great Depression

A severe worldwide economic depression that took place during the 1930s, marked by high unemployment and financial instability.

Future Business Activity

Predictions or estimations about the levels of commercial, industrial, or professional operations and engagements in the upcoming period.