Fetterman entered into a lease agreement with Connie's Construction Company on April 1, 2013. The term of
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a) The bank, it is entitled to the $15,000, because consideration was given for the assignment.
b) Steven, because he was named beneficiary before Fetterman made the assignment, and the beneficiary, being first in time, prevails over the assignee.
c) The bank, it is entitled to the $15,000 because Fetterman reserved power to change the beneficiary and to assign the agreement.
d) Steven, because he is a donee beneficiary and the promisee cannot modify or rescind any part of a donee, beneficiary's right
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: