Multiple Choice
Barbara owes Arthur $2,000.On July 1, Arthur assigns the debt to Caleb.Thereafter on July 15, Arthur assigns the same right to David, who in good faith gives value for it and knows nothing about the first assignee.David immediately notifies Barbara of the assignment.In this case:
A) under the English Rule, a second assignment of the same claim can never be effective.
B) under all of the rules, Caleb has priority since he was the first assignee in time.
C) under the English Rule, David has priority.
D) under the majority rule, David has priority.
Correct Answer:
Verified
Correct Answer:
Verified
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