subject
Business, 08.04.2020 20:46 20LindleyN

Abby's Cakes, Inc., leased space in a shopping center from Colonial Palms Plaza, Inc. The lease contained a clause that stated that Colonial would pay a construction allowance of up to $11,250 to Abby's if Abby's would complete some improvements to the premises. The lease also contained a clause that stated that any "assignment, mortgage, pledge, or encumbrance" made without Colonial's written consent would be void. Abby's began work on the improvements and, without obtaining Colonial's consent, assigned its right to the first $8,000 of the construction allowance to Robert Aldana. Aldana in turn loaned Abby's $8,000 to finance the construction. Aldana notified Colonial of the assignment by certified mail. Abby's completed the improvements. Colonial ignored the assignment and paid Abby's the construction allowance. Aldana filed a lawsuit against Colonial for $8,000 due to him pursuant to the assignment. Colonial claimed that the assignment was prohibited by the lease agreement and was therefore void. The court most likely held that Aldana was: a. entitled to the $8,000, because a contract cannot prevent an assignment of the right to receive payment. b. not entitled to the $8,000, because he was an incidental third party beneficiary. c. not entitled to the $8,000, because the contract expressly prohibited assignment.
d. entitled to the $8,000, because he provided notice of the assignment to Colonial.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 15:30
Thirty years ago daniel bought a plot of land for $50,000 when the cpi was 50. now the cpi is 180 and he sold the land for $180,000. what issue might inflation cause for daniel?
Answers: 2
question
Business, 21.06.2019 23:00
The company financial officer was interested in the average cost of pcs that had been purchased in the past six months. she took a random sample of the price of 10 computers, with the following results. $3,250, $1,127, $2,995, $3,250, $3,445, $3,449, $1,482, $6,120, $3,009, $4,000 what is the iqr?
Answers: 2
question
Business, 22.06.2019 11:40
If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.
Answers: 2
question
Business, 22.06.2019 12:30
In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?
Answers: 3
You know the right answer?
Abby's Cakes, Inc., leased space in a shopping center from Colonial Palms Plaza, Inc. The lease cont...
Questions
question
English, 23.06.2021 01:20
question
Mathematics, 23.06.2021 01:20
Questions on the website: 13722359