Quick Corp.has $270,000 of outstanding accounts receivable.On March 10,1988,Quick assigned a $30,000 account receivable due from Pine,one of Quick's customers,to Taft Bank for value.On March 30,Pine paid Quick the $30,000.On April 5,Taft notified Pine of the March 10 assignment from Quick to Taft.Who is Taft entitled to collect the $30,000 from?
A)Either Quick Corp.or Pine
B)Quick Corp.only
C)Pine only
D)Taft Bank cannot claim any money because it notified Quick Corp.too late

Question

Quizplus · Accepted Answer

Taft Bank is entitled to collect the money from Quick Corp.and not Pine because it failed to notify Pine of the assignment from Quick Corp.on time.