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:

Mutually Exclusive

Two events that cannot occur at the same time within a given experiment or scenario.

Independent Events

Two or more events in probability where the occurrence of one event does not affect the probability of occurrence of the other event(s).

P(A ∪ B)

The probability that at least one of two events, A or B, will occur.

P(A ∩ B)

The probability that events A and B both occur simultaneously.