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SCENARIO #1 Mary Sue loans Sam $1000 payable in one year. Since Mary Sue owes Ben $1000 for supplies, she assigns the contract to Ben for payment of...

SCENARIO #1

Mary Sue loans Sam $1000 payable in one year. Since Mary Sue owes Ben $1000 for supplies, she assigns the contract to Ben for payment of her financial responsibility to Ben. Ben immediately notifies Sam of the assignment. **PLEASE ANSWER ONLY COMPLETING THE IRAC METHOD BELOW** The ISSUE is already provided. State the applicable rule, your analysis, and conclusion.


ISSUE: If Sam forgets about the assignment to Ben and pays Mary Sue instead, can Ben get payment from Sam, or is Sam no longer liable on the debt?

State the applicable rule, analysis, and conclusion.

RULE:

ANALYSIS:

CONCLUSION:

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**PLEASE ANSWER ONLY COMPLETING THE IRAC METHOD BELOW** The ISSUE is already provided. State the applicable rule, your analysis, and conclusion.


SCENARIO #2

ISSUE: If Sam, the Obligor, renders performance to Mary Sue, the Assignor, without having received notice of the assignment from Ben or Mary Sue, does Sam have further liability under the contract? 

State the applicable rule, analysis, and conclusion.

RULE:

ANALYSIS:

CONCLUSION:

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