Ian owes Jo $5,000. Jo assigns the right to this payment to Kyle. Notice by Jo to Ian of the assignment
A) must be given immediately.
B) must be given within thirty days.
C) must be given within a reasonable time.
D) is not required.

Question

Ian owes Jo $5,000. Jo assigns the right to this payment to Kyle. Notice by Jo to Ian of the assignment​
A) ​must be given immediately.
B) ​must be given within thirty days.
C) ​must be given within a reasonable time.
D) ​is not required.

Quizplus · Accepted Answer

In the context of assignment of rights, notice of the assignment to the debtor (in this case, Ian) is not legally required for the assignment to be effective. The assignment between Jo and Kyle is valid upon agreement, regardless of whether Ian is notified. However, notifying Ian would be practical to ensure that he makes payments to the correct party (Kyle) going forward.

Ian Owes Jo $5,000