Assume that Jack and Hal and Sophia enter into an agreement for the
sale of the restaurant. Hal and Sophia get a loan from the Fourth National Bank to pay for it. When their first payment is due, however, they get a letter from Bank of North America stating that they bought the loan from Fourth National Bank. Which of the following is true?
-Fourth National Bank made an assignment.
-Fourth National Bank made a delegation.
-Bank of North America became an intended third-party beneficiary.
-Bank of North America became an incidental third-party beneficiary.
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The post Assume that Jack and Hal and Sophia enter into an agreement for the sale of the restaurant. Hal and Sophia get a loan from the Fourth National Bank to pay for it. When their first payment is due, however, they get a letter from Bank of North America stating that they bought the loan from Fourth National Bank. Which of the following is true? appeared first on Superb Professors.
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