What Does the American Rule for Successive Assignments Provide

question 7

Multiple Choice

What does the American Rule for successive assignments provide?

• A) The last assignment in time prevails, regardless of notice.
• B) The first notified assignment prevails.
• C) The first assignment in time prevails, regardless of notice.
• D) Only notified assignments prevail.

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Definitions:

Counteroffer

A response to an initial offer, modifying its terms, which effectively rejects the original offer and presents a new one for consideration.

Rejection

In contract law, rejection refers to the refusal to accept an offer or a performance that does not conform to the terms of the contract, effectively terminating the offer.

Subject Matter

The specific topic, content, or area of focus of a discussion, study, or document.

Impossibility of Fact

A situation where the completion of a contractual duty or obligation cannot occur due to unforeseen and unavoidable factual circumstances.