Question

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?A. Fourth National Bank made a delegation.B. Bank of North America became an incidental third party beneficiary.C. Fourth National Bank made an assignment.D. Bank of North America became an intended third party beneficiary.

Answer 1

Answer:

C. Fourth National Bank made an assignment.