QuickHelper

(10)

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About QuickHelper

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Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 362 Weeks Ago, 3 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Management Posted 07 Oct 2017 My Price 7.00

Sheldon saw some cool technology that he wanted to purchase, however, he was short of cash

Sheldon saw some cool technology that he wanted to purchase, however, he was short of cash.  Lenny knew how much Sheldon really wanted it, and offers to loan Sheldon the money.  Sheldon borrows $4,000 from him and agrees to repay the money in six months.  Later, Lenny purchased a car from Penny for $7,000.  He pays her $3,000 in cash and assigns the right to the $4,000 to her.  Penny contacts Sheldon towards the end of the six months, requesting payment.  Sheldon claims that he doesn't owe her the money because he never agreed to pay her and that there was never any intent to benefit her when he and Lenny made the contract.

What type of contract was created by Lenny and Sheldon?

novation

 

assignment

 

delegation

 

third-party intended donee beneficiary

 

third-party intended creditor beneficiary

 

incidental beneficiary

Answers

QuickHelper
(10)
Status NEW Posted 07 Oct 2017 05:10 PM My Price 7.00

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