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Question
Edward owes Frank $100, payable in six months. Frank, who is leaving the country on work, gives his rights to the payment to Marge for $80. Indicate the true statement about this case.
A. Frank is the obligor.
B. Edward owes Marge $80.
C. Edward owes Marge $100.
D. Frank will get $100 from Edward.
Answer
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Related questions
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C. permits any private party to sue for an injunction to enforce any CPSC rule or order, if, at the time of the suit, the commission or the attorney general has begun an action based on the alleged violation.
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B. states that all defenses available to the purchaser against the seller can also be available against the holder in due course.
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D. creates a warranty claim or defense where the product is sold "as is."
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