1) A assigns a right to collect an account receivable to B. When is the...
70.2K
Verified Solution
Link Copied!
Question
Accounting
1) A assigns a right to collect an account receivable to B. When is the assignment take effect between the parties? When is it effective as against the obligor (O)? 2) B comes to collect from O. O refuses to pay because A did a lousy job and breached the contract. B replies that he is sorry to hear that, but B had no obligation to O so O must still pay B. Who is legally correct? 3) In a delegation of a contractual duty if the delegatee does not perform for the obligee, who is legally responsible...the delegator, the delegatee, both, or neither? 4) What is the difference between an INTENDED third party beneficiary and an INCIDENTAL third party beneficiary?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
