If a Person Assigns the Same Contract Rights to More

question 55

Multiple Choice

If a person assigns the same contract rights to more than one assignee,the majority of courts would decide that which of the following is true?

• A) The first assignee to give notice would prevail.
• B) The first assignee to be assigned the rights would prevail.
• C) The first assignee to file a lawsuit would prevail.
• D) The first assignee to collect would prevail.
• E) The assignee who paid the most would prevail.

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Definitions:

Equilibrium Quantity

The quantity of goods or services supplied and the quantity demanded at which their price is stable, and there is no tendency for it to change unless external factors intervene.

Allocative Efficiency

A state of resource allocation where resources are distributed in accordance with consumer preferences, maximizing overall utility.

Equilibrium Price

The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.