QUESTION 45 Full performance before being notified of an assignment releases the obligor from any legal obligation to the assignee. True False QUESTION 46 Which statement is correct regarding the transfer of contractual rights? The assignee acquires rights greater than the assignor has under the contract. The assignee acquires only such rights as the assignor has under the contract. The assignor acquires only such rights as the assignee has under the contract. The assignor acquires rights greater than the assignee has under the contract. QUESTION 47 If a contract is required to be in writing, an assignment of that contract must also be in writing. True False QUESTION 48 A minor's station in refers to the minor's social and economic status in the community. QUESTION 49 An unconscionable agreement is against public policy and therefore illegal. True False QUESTION 50 A state legislature passed a law making the sale of fireworks illegal. Before the law was passed, Johnson Company had made an offer to sell fireworks to a large city in ste state for its July 4th celebration. The effect of this law on Johnson Company's offer is O to act as a rejection of the offer by the offeree. O to terminate the offer. O nonexistent. to allow Johnson Company to sue for breach of contract