Asked by Abo Yousef Khaleel on Jun 30, 2024
Verified
After an assignment, only the assignee has a right to the obligor's performance.
Assignee
An individual or entity to whom rights or interests have been transferred by another, especially in contractual or legal contexts.
Obligor's Performance
The execution of duties or fulfillment of obligations by the party (obligor) that is bound by a contractual agreement to provide a service, payment, or benefit to another party.
- Illustrate the entitled rights of obligors and assignees after an assignment has been made.
Verified Answer
ZK
Zybrea KnightJul 01, 2024
Final Answer :
True
Explanation :
Once an assignment is made, the assignee becomes the new owner of the rights to the obligor's performance and therefore only the assignee has the right to demand performance from the obligor.
Learning Objectives
- Illustrate the entitled rights of obligors and assignees after an assignment has been made.