What is the significance of an assignment being statutory rather than merely an equitable assignment?

Question:

What is the significance of an assignment being “statutory” rather than merely an “equitable” assignment?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Legal Fundamentals for Canadian Business

ISBN: 978-0133370287

4th edition

Authors: Richard A. Yates

See More Books

Question Posted: Feb 20, 2019 05:50 AM

See More Questions

a. What assets are excluded from capital asset status? b. Are capital gains given favorable tax treatment? c. What is the significance of an asset being classified as a capital asset? d. Are capital...
a. What assets are excluded from capital asset status? b. Are capital gains given favorable tax treatment? c. What is the significance of an asset being classified as a capital asset? d. Are capital...
What is the significance of an acquiescence? Non acquiescence? When are they issued?
Find r(t) and v(t) given a(t) and the initial velocity and position. a(t) = (t, 4), v(0) = (3,-2), r(0) = (0,0)
On July 1, 2011, Gibson Company acquired 75,000 of the outstanding shares of Miller Company for $12 per share. This acquisition gave Gibson a 35 percent ownership of Miller and allowed Gibson to...
For each event, find the rate on the basis of the information provided. Use a calculator and round answers to the nearest hundredth. All events were at the 2016 Summer Olympics in Rio de Janeiro,...
An economic variable is persistent if declines in the variable tend to be followed by more declines, and increases by more increases. This question asks you to study the persistence of the civilian...
In 2004 the Keenan Company paid dividends totaling $3,600,000 on net income of $10.8 million. 2004 was a normal year, and for the past 10 years, earnings have grown at a constant rate of 10 percent....
A survey of ACC students in the Learning Labs during one day revealed the following about tutoring needs: Math only 48 Math and English only 22 English only 35 Math and Chemistry only 13 None of...
Since 1975 the average fuel efficiency of U.S. cars and light trucks (SUVs) has increased from 13.5 to 25.8 mpg, an increase of over 90%! A random sample of 40 cars from a large community got a mean...
With regard to the law governing privity of contract and assignment, which of the following is false? a. The privity of contract rule states that only the parties to the contract have rights and...
Explain what is meant by a presumption with respect to undue influence, the effect of such a presumption, and under what circumstances those presumptions will occur.
Verify that the given point is on the curve and find the lines that are (a) Tangent (b) Normal to the curve at the given point. x 2 y 2 = 9, (-1, 3)
Mr. Kozlowski forgave relocation loans given to 51 employees and paid their corresponding income taxes at a cost to Tyco shareholders of $96 million. How would you hypothesize that this act impacted...
Which of the following is generally least effective in detecting noncash misappropriations? 1. Physical inventory counts and inspections 2. Investigation of inventory shortages 3. Summarizing...
d that Fairmont is not in complianThe forensic audit has determinece with Federal withholding requirements for FICA and Medicare because FICA and Medicare were not withheld from employee paychecks...
Make the changes you suggested in mini case 2. Submit screen shots of the form both before and after you made the changes. Be sure to include the URL of your form, so that the professor can check...
Below you will find three hypothetical design projects, each in need of a GS designer. These projects span a range of different type of clients, including: 1. Your city zoo. 2. A national chain of...
Homestead Telephone was formed in the 1940s to bring telephone services to remote areas of the U.S. Midwest. The early equipment was quite primitive by today's standards. All calls were handled...
The following information is available for Partin Company: Sales $598,000 Sales Returns and Allowances 20,000 Cost of Goods Sold 398,000 Selling Expense 69,000 Administrative Expense 25,000 Interest...
John Beal ran a cleaning business. He purchased a windowblind cleaning machine from Daniel Griffin for $18,000. Griffin told Beal that the best way to ship the machine was by electronic means, in...
Steve Sitton forged a check belonging to his brother, went to Nowlins Jewelry, and misrepresented that he had his brothers authorization to make a purchase. He bought a gold ladies Rolex watch with a...
Caldwell agreed with Duke/Fluor Daniel (D/FD) to install a power plant cooling system in Aiken, South Carolina.The contract stated that Caldwell would pay liquidated damages of $5,000 per day if the...
A teapot with a brewer at the top is used to brew tea, as shown in Fig. P3-143. The brewer may partially block the vapor from escaping, causing the pressure in the teapot to rise and an overflow from...
Search and locate a current international issue (an issue that affects more than one culture). 1. Describe the issue 2. Define and discuss the two or more cultures involved in the issue 3. Explain...
How is ethics defined in research and why is it important? Discuss two different ways in which ethics can be compromised when conducting, using, and reporting data. Describe strategies that can be...

What is the significance of an assignment being statutory rather than merely an equitable assignment?

Question:

Step by Step Answer:

A statutory assignment allo...View the full answer

Legal Fundamentals for Canadian Business

Students also viewed these Business questions