(Solved) Mr. Zink hired Bruce Dorne to create a payroll program for his business. Bruce was to be paid $4000 ...

Mr. Zink hired Bruce Dorne to create a payroll program for his business. Bruce was to be paid $4000 for the program. When Bruce was halfway finished, a creditor to whom he owed $2000 pressed so hard for payment that Bruce assigned him $2000 of the contract price, an amount he felt he had earned already. The creditor, Mr. Pressing, gave written notice that very day to Mr. Zink. On these facts, which of the following is true? (Read each statement separately.)

▸ Zink must pay $2000 to Pressing on the day the notice was given, because at that time Bruce had done half of the work on the $4000 contract.

▸ This assignment is a statutory assignment, not an equitable assignment.

▸ If Bruce bungled the assignment and the court determined that nothing was owed to him, Pressing could still get $2000 from Zink.

▸ This type of assignment is not recognized by the courts because it is an assignment of contractual obligations.

▸ Pressing is entitled to $2000 from Zink when the contract is completed, if at least that much is owed to Bruce by Zink at that time.

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.

Mr. Zink hired Bruce Dorne to create a payroll program for his business. Bruce was to be paid $4000 ...

Legal Fundamentals for Canadian Business

Related Topics