Which of the Following Rules Applies to an Equitable Assignment

question 18

Multiple Choice

Which of the following rules applies to an equitable assignment?

• A) The assignment must be placed under seal.
• B) The assignment must be written.
• C) The assignee takes the assignor's rights subject to the equities.
• D) The assignment is valid only once the debtor is given written notice.
• E) The assignment must be unconditional.

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Definitions:

Long-Run Cost Function

A concept that describes how the total production costs of a firm change based on output levels, considering all inputs as variable in the long term.

Output Supply

The total amount of a good or service that producers are willing and able to sell at a given price over a certain period of time.

Price

The financial expenditure needed to acquire a good or service.

Production Function

A mathematical representation of the relationship between inputs (like labor and capital) and the maximum output possible.