ta owes Christopher PHP80,000 which is due on April 20. On the other hand, Christopher owes Dakota the following debts: PHP30,000 due on April 02; PHP10,000 due on April 09; PHP20,000 due on April 15; and PHP5,000 due on April 21. If on April 14, Christopher assigned his credit right to Tammy with notice to Dakota but Dakota did not give his consent to the assignment, how much may Tammy collect from Dakota on April 20? A. PHP20,000 B. PHP15,000 C. PHP40,000 D. Nothing, because Dakota did not give his conse
ta owes Christopher PHP80,000 which is due on April 20. On the other hand, Christopher owes Dakota the following debts: PHP30,000 due on April 02; PHP10,000 due on April 09; PHP20,000 due on April 15; and PHP5,000 due on April 21. If on April 14, Christopher assigned his credit right to Tammy with notice to Dakota but Dakota did not give his consent to the assignment, how much may Tammy collect from Dakota on April 20? A. PHP20,000 B. PHP15,000 C. PHP40,000 D. Nothing, because Dakota did not give his conse
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Dakota owes Christopher PHP80,000 which is due on April 20. On the other hand, Christopher owes Dakota the following debts: PHP30,000 due on April 02; PHP10,000 due on April 09; PHP20,000 due on April 15; and PHP5,000 due on April 21. If on April 14, Christopher assigned his credit right to Tammy with notice to Dakota but Dakota did not give his consent to the assignment, how much may Tammy collect from Dakota on April 20?
A. PHP20,000
B. PHP15,000
C. PHP40,000
D. Nothing, because Dakota did not give his consent to the assignment.
why is the answer C?
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