Shannon borrows $3,000 from Lauren to help her cover her student loans while she looks for new work. Shannon agrees to pay Lauren the principal amount, with 10 percent interest, over three years in 36 equal monthly payments. After six months of receiving the proper payments from Shannon, Lauren assigns this right to receive future payments to her brother-in-law, Alex.Alex, however, forgets to tell Shannon that she now needs to make the payments to him. Because of this, Shannon continues to pay Lauren. In this situation, Alex cannot recover from Shannon the money that Shannon continued to pay Lauren; his only recourse is to recover the money from Lauren.In this scenario, Alex failed his duty to provide ___________ to Shannon.

Alex cannot recover from Shannon they money that Shannon continued to pay Lauren; his only recourse is to recover the money from Lauren. In this scenario, Alex failed his duty to provide Notice of Assignment to Shannon.

Explanation:

If a party sells his interest to another party, then it is very important for all the parties to be fully aware of the transfer. The parties are made aware about any transfer through a document called Notice of Assignment.

Notice of Assignment has all details about who transferred what to whom and now who will receive or pay the money to whom. Every detail is present in this document.

So when Lauren transferred her interest of receiving loan installments to Alex, then it was the duty of Alex to provide Shannon, the loan taker, to inform that form now onward, the future payments would be transferred to Alex rather than Lauren.

In the context of the given question, Alex failed to provide Notice of Assignment to Shannon.

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