Jessie borrows $1,000 from Thomas and agrees to repay the money in 30 days. Thomas assigns the
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Jessie borrows $1,000 from Thomas and agrees to repay the money in 30 days. Thomas assigns the right to the $1,000 to Douglas Finance Co. Douglas sues Jessie. Jessie argues that she had agreed to pay the money only to Thomas and that when she and Thomas had entered into the transaction there was no intention to benefit Douglas Finance Co. Are these objections valid? Why or why not? Explain your answer.
Related Book For
Andersons Business Law and the Legal Environment
ISBN: 978-0324786668
21st Edition
Authors: David p. twomey, Marianne moody Jennings
Posted Date: