The ________ Rule Regarding Successive Assignments Provides That the First

question 57

Multiple Choice

The ________ Rule regarding successive assignments provides that the first assignee to give notice to the obligor prevails.

• A) French
• B) Maltese
• C) English
• D) Spanish
• E) Canadian

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Definitions:

Computer Sales & Repair (CSR)

Businesses focused on selling computer hardware and software, as well as providing repair and maintenance services for computer systems.

Risk Of Loss

The potential that an asset or investment will decrease in value or become entirely worthless.

Passage Of Title

The transfer of ownership rights from the seller to the buyer in a transaction.

Insurable Interest

A stake or financial interest in an item or person that allows the owner to purchase insurance against risks.