Which of the Following Does the English Rule for Successive

question 3

Multiple Choice

Which of the following does the English Rule for successive assignments provide?

• A) The first assignment in time prevails, regardless of notice.
• B) The first assignment in time prevails, pending notice.
• C) The first assignee to give notice to the obligor prevails.
• D) The first assignee who receives a tangible token prevails.

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Definitions:

SEC Regulations

Rules and laws that the U.S. Securities and Exchange Commission enforces to protect investors, maintain fair and orderly functioning of the securities markets.

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Securities

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Capital

A financial asset or the value of financial assets owned by a business or individual, including cash, investments, and property.