Examlex
Which of the following is based on a change in intention?
Warranty Of Assignability
A warranty of assignability assures that a contractual right or interest can be transferred or assigned to another party.
Common Law
A legal system based on custom and court rulings as opposed to written laws passed by a legislature.
Assignor
An individual or entity that transfers rights or interests in a contract to another, known as the assignee.
Implied Warranty Of Merchantability
An assurance, inferred in every sale unless clearly disclaimed, that merchantable goods will conform to a reasonable performance expectation for goods of their kind.
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