A Debtor/promisor Who Continues to Make Payments to His Original

question 1

True/False

A debtor/promisor who continues to make payments to his original creditor after receiving notice of an assignment will not be required to pay the amount a second time.

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Definitions:

Common Resource

A type of good that provides benefits to many individuals, but which has the potential to be depleted or overused because it is not excludable.

Inefficient Allocation

A situation where resources are not distributed or utilized in a way that maximizes potential output or welfare.

Decision Makers

Individuals or groups responsible for making choices that determine the course of actions to be followed by an organization or system.

Public Good

A public good is a good that is both non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from use and use by one does not reduce availability to others.