Law, 03.07.2020 20:01 MadisonElle
Sheela is severely injured by Alex in an automobile accident caused by Alex’s negligence. Sheela wishes to sue Alex for the tort of negligence to recover monetary damages for her injuries. Sheela borrows $ 5000 from TD Bank to pay her debts as she cannot work due to her injuries. Sheela defaults on the loan payment repayable with 8 per cent interest in equal monthly installments.
1. Can Sheela’s right to sue Alex be assigned?
2. Can TD Bank assign its right to recover loan amount from Sheela?
Answers: 2
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