Amanda buys a vacuum cleaner to use in her home from retailer Andy. Amanda promises to pay for it in six monthly installment of $50 each. Andy assigns the contract to Big Finance Co who paid value and took without notice of any defense. Amanda has stopped making payments because the vacuum stopped working and Andy refuses to honor the express warranty he made to her at the time of the sale. Big
Finance Co sues Amanda for nonpayment. Generally, any defense that Amanda may have against Andy is good against Big Finance Co
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Under U.S. commercial policy, which clause permits the modification of a trade liberalization agreement on a temporary basis if serious injury occurs to domestic producers as a result of the agreement?
a. adjustment assistance clause b. escape clause c. most-favored-nation clause d. reciprocal-trade clause
Registered bonds are those whose ownership is recorded in the corporate records
Indicate whether the statement is true or false
The current trend is to distinguish not-for-profit organizations into ______ and governmental organizations.
a. pro-governmental b. nongovernmental c. religious d. charity
Marketers who view political forces as being beyond their control are taking a(n) ____ response toward these forces.
A. reactive B. aggressive C. proactive D. competitive E. liberal