An Approval Clause Requires That the Obligor Approve Any Assignment

question 133

True/False

An approval clause requires that the obligor approve any assignment of a contract.

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Definitions:

Intermediate Standard Test

A level of scrutiny or evaluation that falls between minimal and strict examination in legal or regulatory contexts.

Due Process Clause

A constitutional clause that ensures citizens' rights to fair treatment within the standard legal system.

Fourteenth Amendment

An amendment to the United States Constitution that grants citizenship to all persons born or naturalized in the United States and prohibits states from denying any person the equal protection of the laws.

Fifth Amendment

A provision of the U.S. Constitution that provides for several rights of individuals against government actions, including self-incrimination and double jeopardy.