Question: Nancy loaned Ryan $ 3 0 0 , which he now has to return. Amber in turn owed Ryan $ 5 0 0 . As

Nancy loaned Ryan $300, which he now has to return. Amber in turn owed Ryan $500. As a partial payment of the amount, Ryan assigned Amber's debt to
Nancy. Which of the following is true of this case?
Multiple Choice
Amber is the obligor in the contract with Ryan and hence can pay the money only to him
Nancy should send a letter to Amber claiming the money, to which Amber has to oblige.
Ryan, as the assignee of the contract, should send a letter to Amber to claim the money.
Nancy is the assignor of the contract and should send a notice to both Ryan and Amber.
Nancy loaned Ryan $300, which he now has to return. Amber

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