Question: Larry London (LL) buys a computer with his new store credit card at Greatest Get (GG). GG immediately sells the right to receive monthly payments
Larry London (LL) buys a computer with his new store credit card at Greatest Get (GG). GG immediately sells the right to receive monthly payments from LL to a finance company, Friendly Finance (FF). Unfortunately for LL, the computer stops working three months after he purchased it. As GG won't return his calls regarding his broken PC, LL stops making payments. Long story short, all stakeholders (LL, GG, and FF) are fed up with each other's behavior; they all lawyer up.
You are the lawyer for FF and you must explain to your client all the possible issues you've learned in this week's material. For example, you may want to consider whether the parties have a negotiable instrument. If so, what kind? What defenses might there be on that instrument? that help and hurt FF's chances of winning a potential lawsuit.
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