Andrew Durham Was Injured in a Job-Related Accident That Resulted

question 19

Essay

Andrew Durham was injured in a job-related accident that resulted in a workers' compensation settlement agreement with the employer's insurance carrier,Traveler's Indemnity Company.The settlement agreement required Traveler's to pay Durham $2,500 per month for the rest of his life.To finance its obligation,Traveler's purchased an annuity in its name.The settlement agreement required Traveler's approval or written consent prior to an assignment of the annuity payments.Durham later decided to open a business and went to a credit union for a $214,000 loan.The credit union loaned the money,taking a security interest in Durham's monthly annuity payments.Traveler's consent was never secured.Discuss the conditions in which a right may not be assigned and assess if this was a valid assignment.

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Definitions:

Rubric

A tool or set of guidelines used to evaluate or assess a task, performance, or project according to predefined criteria.

Informal Assessment

A method of evaluating student learning through less structured means, focusing on the observation of student performance and understanding.

Validity

Validity is the degree to which a test or assessment accurately measures what it purports to measure.

Assessed

Evaluated or estimated the value, nature, ability, extent, or significance of something.