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Question
Jim's contract with Frank obligated Jim to pay Frank $10,000. Frank properly assigns the contract to Abel. At that time, Abel notifies Jim about the assignment. Jim, however, forgets and pays the $10,000 to Frank. By this time, Abel is screaming for his money. However, by then, Frank goes into bankruptcy. In this case:
A. Jim is liable to Abel for $10,000.
B. Abel is out of luck because Jim performed his obligation by paying Frank.
C. Jim is liable to Abel not for the $10,000, but for his breach of the implied warranty that the assignor is solvent.
D. Abel is out of luck because his notification was oral rather than written.
Answer
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