Adam Bought a Boat from Charlie for $900 Payable on November

question 27

Multiple Choice

Adam bought a boat from Charlie for $900 payable on November 6. On November 6, when Charlie came for the money, Adam didn't have it. Adam was, however, employed by Ms. Bey to do some market research. He was to be paid $1000 for his report, due on November 12. Charlie wanted an assignment of $900 of the amount Adam expected to receive November 12. Adam wrote out an assignment with all the essential information and signed it. Charlie gave written notice of the assignment with all pertinent information to Ms. Bey the next day, November 7. On November 12, Adam had not finished his report. The contract provided that he would lose $100 for every week he was late. Adam was two weeks late in submitting his report. Which of the following is true?

• A) The assignment fails to be an assignment at all because Adam failed to get the consent of Ms. Bey.
• B) This assignment is a statutory assignment.
• C) Ms. Bey must honour the notice of assignment by paying out the $900 on the day the notice was received.
• D) Charlie, the assignee, would receive $800 from Ms. Bey and have to look to Adam for the other $100 owed.
• E) Charlie would get nothing because Ms. Bey owed less than the amount assigned.

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Definitions:

Brainstem

The lower part of the brain that connects the cerebrum with the spinal cord, responsible for controlling vital life functions such as breathing and heartbeat.

MRI Scans

Non-invasive imaging technology that produces three dimensional detailed anatomical images using a large magnet, radio waves, and a computer to diagnose issues within the body.

Enlarged Ventricles

A condition where the ventricles of the heart or brain are increased in size, which can affect their function and is often a sign of an underlying condition.

Reticular Formation

A network of nerve pathways in the brainstem involved in consciousness and alertness.