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1) Five (5) years ago "A" purchased a home and took out a mortgage with X Bank. "A" now wants to sell the house to "B". As part of the purchase price, "B" will assume the remainder of the mortgage "A" gave to X Bank. X Bank has been notified of the transaction, and has consented to an assumption of the mortgage by B. What are the rights of X Bank? Result: Reason: 2) Same as #1, but assume X Bank is not notified of the mortgage assumption by "B". What are the rights of X Bank? Result: Reason: 5) Same as #4 above, but "C" never received the goods. "A" now sues "C" for non payment. Should "A" be successful? Result: Reason: 2. ENFORCEMENT OF THIRD PARTY RIGHTS 1) Five (5) years ago "A" purchased a home and took out a mortgage with X Bank. "A" now wants to sell the house to "B". As part of the purchase price, "B" will assume the remainder of the mortgage "A" gave to X Bank. X Bank has been notified of the transaction, and has consented to an assumption of the mortgage by "B". What are the rights of X Bank? Result: Reason: 2) Same as #1, but assume X Bank is not notified of the mortgage assumption by "B". What are the rights of X Bank? Result: Reason: 3) "B" owes back rent to "A" in the amount of $100. "C" purchases goods from "B" and promises to pay "A" S100. "A" is notified and consents to the arrangement. Assume "C" fails to pay "A". What are the rights of "A"? Result: Reason: 4) Same as #3 above but before "A" is notified, "B" and "C" modify the price to $20 from $100. What are the rights of "A"? Result: Reason

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