On April 1st, Porter buys Silvester’s car for $10,000 and th…
On April 1st, Porter buys Silvester’s car for $10,000 and they agree that Porter will pay Silvester the full amount by July 1st. Porter begins making payments to Silvester, but on June 1st, Porter still owes Silvester $5,000. On June 1st, Porter sells Anne his motorcycle for $5,000. Porter and Anne agree that Anne will not pay Porter $5,000, but Anne will instead pay Silvester the $5,000 Porter still owes him. Silvester agrees to receive the $5,000 from Anne. In this scenario, who is the obligor, who is the assignee and who is the assignor?