Asked by Krystina Marschall on Apr 28, 2024
Verified
Which statement below is NOT true with respect to the rights of an assignee and assignor?
A) Assignees essentially fill in for the assignor as the legal recipient of contractual duties.
B) Assignees acquire the same contractual duties that were held by the assignor.
C) Assignees are offered more protection than assignors.
D) The obligor may raise any of the same defenses for nonperformance against the assignee that he would have been able to raise against the assignor.
E) When an assignor transfers rights to an assignee, the assignor legally gives up all rights he or she previously had to collect on the contract.
Assignee
A person or party to whom rights, interests, or properties are legally transferred.
Assignor
An assignor is an individual or entity who transfers rights or interests in a contract or property to another party, known as the assignee.
Nonperformance
Failure to fulfill a contractual duty or obligation.
- Contrast the functions and legal rights of assignors versus assignees in the context of assignment processes.
Verified Answer
SI
soroor iraniApr 28, 2024
Final Answer :
C
Explanation :
Assignees do not inherently receive more protection than assignors; the rights and protections for both are typically defined by the terms of the contract and relevant laws, not by their status as assignee or assignor.
Learning Objectives
- Contrast the functions and legal rights of assignors versus assignees in the context of assignment processes.