Which of the Following Statements Is TRUE

question 24

Multiple Choice

Which of the following statements is TRUE?

• A) An assignment of contractual rights sometimes is created by operation of law and without regard to the assignor's intention.
• B) An equitable assignment is valid only if it is unconditional and complete.
• C) If the parties have tried, but failed, to create a statutory assignment, they cannot rely on an equitable assignment.
• D) The doctrine of vicarious performance is a type of assignment.
• E) An assignee under an equitable assignment acquires its rights "subject to the equities," but an assignee under a statutory assignment does not.

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Definitions:

Equatorial Regions

Regions located at or near the equator, characterized by year-round warm temperatures and often, high humidity and rainfall.

Earth's Axis

An imaginary line around which Earth rotates, which tilts at an angle from the perpendicular to its orbital plane.

Humboldt Current

A cold ocean current that flows north along the western coast of South America, significantly affecting the climate and marine life in the region.

Ocean Currents

Large-scale movements of seawater, primarily driven by wind patterns and differences in water density.