Ace Engineering Needed Cash and Assigned a Block of Its

question 31

True/False

Ace Engineering needed cash and assigned a block of its accounts receivable to Wellington Finance Company. A week later, it assigned another block to Bagot Finance Company. By an oversight, the second block contained an account, a receivable from Smith, which Ace had already assigned to Wellington. The notice of assignment from Bagot arrived at the Smith offices before that of Wellington. Smith should pay against the demand of Bagot Finance Co.

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Definitions:

Hostile Sexism

A form of sexism characterized by overt negative attitudes and stereotypes about a gender, typically directed toward women.

Traditional Women

A term usually referring to women who adhere to cultural, societal, or familial norms regarded as classic or conservative.

Self-Fulfilling Prophecy

A psychological phenomenon whereby an initially inaccurate expectation leads to actions that cause the expectation to come true.

Stereotypical Belief

A fixed, oversimplified, and often inaccurate idea about a particular type of person or thing.