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.

---

Definitions:

Mammogram

An X-ray of the breast.

American Cancer Society

A nationwide voluntary health organization dedicated to eliminating cancer.

Childbearing

The process of conceiving, carrying, and giving birth to one or more children.

Toxic Shock Syndrome

A rare, life-threatening complication of certain bacterial infections, often associated with tampon use.