When the Assignee Gives Consideration in Exchange for an Assignment,there

question 8

True/False

When the assignee gives consideration in exchange for an assignment,there is a contract between the assignor and the assignee that prevents the assignor from revoking the assignment without the assent of the assignee.

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Definitions:

Supply

The total amount of a good or service available for purchase at all possible prices in a given market, at a given time.

Price

The price in terms of money that is predicted, necessary, or paid for an object.

Equilibrium Price

The price at which the quantity of goods suppliers are willing to produce equals the quantity of goods consumers are willing to buy.

Corn-based Ethanol

Ethanol produced from corn as a biomass through a fermentation process, primarily used as a biofuel additive for gasoline.