On April 1st, Porter buys Silvester’s car for $10,000 and th…
On April 1st, Porter buys Silvester’s car for $10,000 and they agree that Porter will pay Silvester the full amount by July 1st. Porter begins making payments to Silvester, but on June 1st, Porter still owes Silvester $5,000. On June 1st, Porter sells Anne his motorcycle for $5,000. Porter and Anne agree that Anne will not pay Porter $5,000, but Anne will instead pay Silvester the $5,000 Porter still owes him. Silvester agrees to receive the $5,000 from Anne. In this scenario, who is the obligor, who is the assignee and who is the assignor?
Read DetailsFisher is hired to sell Anastasia’s business. While Fisher i…
Fisher is hired to sell Anastasia’s business. While Fisher is looking for a buyer, the quality of the business and its operations starts going downhill. Anastasia later says, very publicly, that she would not even buy product from her own business. After hearing this, Fisher stops putting in effort to sell the business. If Anastasia were to sue Fisher for breach of duty, what would Fisher’s best argument be?
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