When the Assignment Is Merely Part of a Debt,the Assignment

question 59

True/False

When the assignment is merely part of a debt,the assignment is an equitable and not statutory assignment.

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Definitions:

Puritan Women

Refers to women part of the Puritan religious group in the 16th and 17th centuries, known for their strict moral codes and significant role in family and community life.

Charter Revoked

The act of an authoritative body withdrawing the rights or privileges conveyed by a charter, typically referring to the termination of a corporation's or organization's charter.

Charles II

The king of England, Scotland, and Ireland who reigned during the Restoration period after the English Civil War.

Navigation Laws

Regulations established by the British Parliament between the 1650s and the 1800s to control trade and bolster the maritime strength of Britain by restricting colonial trade to English ships.