When an Assignor Makes an Assignment of a Right Under

question 77

Multiple Choice

When an assignor makes an assignment of a right under a contract,the assignee is under a duty to ________.

• A) notify the obligor that the performance must be rendered to the assignee
• B) discharge the original contract between the assignor and the obligor
• C) assign the right to a subsequent assignee
• D) render the obligor's performance to the assignor

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Definitions:

Average Amount

The mean value obtained by dividing the sum of all amounts by the number of amounts, often used to determine the typical value in a set of data.

Collection Time

The average time it takes for a business to collect payments owed by its customers.

Mailing Days

Mailing days refer to the business days considered for the processing and delivery of mail.

Process Payments

The procedure of completing financial transactions by transferring funds from one party to another.