George is an author who wrote a best-selling novel last year. The contract with his publisher provides that the publisher must pay him a royalty of 10% of the sale price of all books it sells. George has recently executed a deed of assignment under which he assigned ( for no consideration) 50% of his right receive royalties under the contract to his wife for a period of four years. 

What are the consequences of the assignment What would have happened if George had instead assigned his entire future right to receive royalties under the contract to a bank for $1m? 

Answer rating: 100% (QA)

The assignment of 50 of Georges right to receive royalties to his wife means that for the duration o... View the full answer