Notice of an Assignment

question 54

Multiple Choice

Notice of an assignment:

• A) must be given to the obligor.
• B) cuts off any defenses based on prior agreements between the obligor and assignor.
• C) precludes subsequent setoffs and counterclaims of the obligor that arise out of entirely separate matters.
• D) All of these.

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Definitions:

Null Hypothesis

A default hypothesis that there is no significant difference or relationship between specified populations or phenomena, used as a starting point for statistical testing.

Incorrect Decision

A decision based on data analysis or hypothesis testing that incorrectly accepts the null hypothesis or wrongly rejects it, leading to a Type I or Type II error.

Type II Error

The error that occurs when a statistical test fails to reject a false null hypothesis; also known as a "false negative."

True Null Hypothesis

The assumption or premise that there is no effect, difference, or relationship between the variables being studied, which might be rejected or not rejected based on statistical analysis.