Amanda buys a vacuum cleaner to use in her home from retailer Andy Amanda

Amanda buys a vacuum cleaner to use in her home from

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15.Amanda buys a vacuum cleaner to use in her home from retailer Andy. Amanda promises to pay for it in six monthly installment of $50 each. Andy assigns the contract to Big Finance Co. who paid value and took without notice of any defense. Big Finance Co. sues Amanda for nonpayment. Amanda has stopped making payments because the vacuum stopped working and Andy refuses to honor the express warranty he made to her at the time of the sale. Generally, any defense that Amanda may have against Andy is good against Big Finance Co. PTS: 1 MSC: AACSB Reflective Thinking MULTIPLE CHOICE 1.Brandon owes money to Jim. If Jim assigns to Rita his rights to Brandon’s money, Jim is: PTS: 1 MSC: AACSB Reflective Thinking 2.In the Schauer v. Mandarin Gems of California, Inc. case, the court held: PTS: 1 MSC: AACSB Analytic 3.A third party beneficiary's status occurs:
ANS:D PTS: 1 MSC: AACSB Analytic 4.Robert hired James, a CPA, to prepare his tax returns. James was too busy and delegated the work to Sara, also a CPA. This delegation is: PTS: 1 MSC: AACSB Reflective Thinking 5.The beneficiary of a life insurance policy would ordinarily be: PTS: 1 MSC: AACSB Reflective Thinking 6.The status of a third party is determined by: PTS: 1 MSC: AACSB Analytic

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