An Assignment Has No Effect Until the Obligor Is Notified

question 39

True/False

An assignment has no effect until the obligor is notified.

---

Definitions:

Guaranteed Profit

A commitment or assurance, often not feasible, that an investment will yield a positive return.

Reduced Competition

A market condition where there are fewer rivals competing for customers, often leading to increased prices and reduced innovation.

Price Discrimination

The strategy of selling the same product to different buyers at different prices based on factors like age, location, or purchase volume, often to maximize profits.

Fair Competition

A level playing field in business where no one has an unfair advantage, ensuring healthy rivalry among companies.