Question: In a statutory assignment A The debtor must consent to the assignment of his or her obligation to make payments to the assignee B The

In a statutory assignment A The debtor must consent to the assignment of his or her obligation to make payments to the assignee B The assignment will not take effect until the debtor has received actual notice of the assignment

C In any lawsuit arising out of the contract after assignment, the assignor, the assignee, and the debtor must fall remain as parties to the lawsuit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

In a statutory assignment: A . The debtor must consent to the assignment of his or her obligation to make payments to the assignee B . The assignment will not take effect until the debtor has...

I've compromised a mock up contract. I need help from a legal stand point to improve the contract. Skim/Read through part of the contract. If i was Inland Architects which areas in the contract will...

Discuss the following topic : Loss of the Thing Due, Condonation or Remission of the Debt, Confusion or Merger of Rights, Compensation and Novation Loss of the Thing Due Art. 1262. An obligation...

1. Mr., Edwards, a former policeman, was hired to do investigations for the stock exchange When it was found out that Edwards had cheated on the examination required by the stock exchange. he was...

1. When an obligation is extinguished because of the passage of time, this is: (Phil CPA, 90-2) a. Fulfillment of resolutory condition. b. Arrival of a resolutory period c. Rescission d. Prescription...

Answers must be between 200-250 words only. Need for the answer to stay within the guidelines and not be copied directly from another source. Universal Life Policy Worksheet FIN/428 Version 1...

Read the following sample life insurance policies: Universal Life Whole Life Complete the worksheets for each sample policy. Universal Life Policy Worksheet FIN/428 Version 1 University of Phoenix...

CAN YOU PLEASE PARAPHRASE THIS!! OWN WORDS. PER BULLET. DON'T USE QUILLBOT. THANKYOUUU. In chapter 4, I have learned that the cause of extinguishment of obligations such as payment or performance,...

CAN YOU PLEASE PARAPHRASE THIS!! OWN WORDS. PER BULLET. DON'T USE QUILLBOT. THANKYOUUU. PLEASE OWN WOOOOORDS. NEW CONSTRUCT In chapter 4, I have learned that the cause of extinguishment of...

Helen Caldicott raises a family and then begins a career as a caterer. As her business grows, she hires several employees and rents space near downtown that has a retail space, parking, and a garage...

We can view an interest rate as composed of a risk-free interest rate plus a collection of compensatory premiums (These premiums are: The Inflation Premium The Default Risk Premium The Liquidity...

A business analyst has a career path that has been very important to her throughout the 10 years of her career. She is put on a project with a strong matrix organizational structure. Which of the...

Exercise 7-42 Contribution Margin, Unit Amounts, Break-Even Units Information on four independent companies follows. Calculate the correct amount for each question mark. (Note: Round unit dollar...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...