Indira Owed $5000 to Patrice

question 50

Multiple Choice

Indira owed $5000 to Patrice.On a different matter, Juan owed $5000 to Indira.In an attempt to be clear of both situations, Indira equitably assigned her rights against Juan to Patrice.Which of the following statements is most likely to be TRUE?

• A)The assignment will not come into existence until Patrice notifies Juan.
• B)If Indira learns that she has a defence against Patrice, and if that defence arose from the same contract that required Indira to pay $5000 to Patrice, then Juan is not required to pay anything to Patrice under the assignment.
• C)The assignment is invalid unless it is evidenced in writing.
• D)If Juan pays $5000 to Indira after Patrice has notified Juan about the assignment, Juan will have to pay $5000 to Patrice.
• E)For the purposes of the assignment, Patrice is the creditor, Juan is the debtor, and Indira is the assignor.

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