Paulus owes money to Paul. The full amount of the debt is secured by a suretyship contract in which Evert is the surety, and also by a cession to Paul of Paulus’s right to receive payment from Ryan.
Which ONE of the following statements is INCORRECT?
1 Paulus may cede to Evert his right to receive payment from Ryan.
2 Paulus is not entitled to sue Ryan for the money he owes him in order to pay Paul.
3 Evert is not entitled to the benefit of division if Paul attempts to recover the entire debt from him.
4 Evert may possibly obtain a right to the money which Ryan owes to Paulus if he settles the entire debt