Rebecca owes Ian $5,000. Ian needs money in a hurry so he assigns his right to collect from
Rebecca to Janet for $4,500. Several days later, Ian assigns his right to collect from Rebecca to
Kristin for another $4,500. Ian then leaves town.
Kristin is the first to notify Rebecca of the
assignment. In the majority of states, which of the following best describes this situation?
A) Rebecca need pay only Janet, since Janet was the first to receive the assignment.
B) Rebecca must pay both Janet and Kristin, since a valid assignment was made to each.
C) Rebecca need pay only Ian, since debts are not assignable.
D) Rebecca need pay only Kristin, since Kristin was the first to give notice to Rebecca.
A
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A performance or time target for each major group of activities in a project is a(n) ________
Fill in the blank(s) with the appropriate word(s).
Drexel Corporation has been enjoying a phenomenal rate of growth since its inception one year ago. Currently, its assets total $100,000
If growth continues at the current rate of 12% compounded quarterly, what will total assets be in 2 1/2 years? (Round to the nearest whole dollar) A) $142,571 B) $126,678 C) $148,016 D) $136,855 E) $134,392