Teacher instructions:
These Questions come from the Questions and Case Problems at the end of Chapter 17, starting on page
324. Please choose one: (Oh, and since I have not included the facts or question, BRIEFLY SUMMARIZE
the facts and questions for your classmates – do not copy directly from the book)
Question: Jessie borrows $1,000 from Thomas and agree to repay the money in 30 days. Thomas assigns
the right to $1,000 to Douglas Finance Co. Douglas sues Jessie. Jessie argues that she had agreed to pay
the money only to Thomas and that when she and Thomas had entered into the transaction, there was no
intention to benefit Douglas Finance Co. Are these objections valid?