Which of the Following Is True About an Assignment of Rights

question 63

Multiple Choice

Which of the following is true about an assignment of rights after the obligor-promisor has received notice of the assignment by the obligee to an assignee?

• A) The offer is terminated.
• B) The assignee stands in the shoes of the obligee.
• C) The offer becomes firm and cannot be revoked.
• D) Consideration is implied under the doctrine of promissory estoppel.

---

Definitions:

Effective Yield

The total yield of a bond once all charges are factored in, expressed as an annual percentage.

Present Value Factors

Numeric factors used to calculate the present value of a future amount, taking into account a specific interest rate and time period.

Bond Discount

The variance between the face value of a bond and the price at which it's sold, occurring when the bond sells below its face value.

Carrying Value

The amount an asset is valued at in a company's books after accounting for depreciation and amortization.