An Assignment Is Valid and Enforceable Against All Parties

question 16

Multiple Choice

An assignment is valid and enforceable against all parties:

• A)from the moment it is made.
• B)from the moment the assignor notifies the obligor.
• C)from the moment the assignee notifies the obligor.
• D)from the moment the obligor is notified from any source.

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Definitions:

In Writing

Information or communication that is recorded in written form, as opposed to being verbally conveyed.

Promote Buy-In

The process of obtaining agreement or approval from stakeholders or team members, ensuring their support and commitment.

Decisions Made

Choices or resolutions reached after consideration of options, facts, and potential outcomes.

Identify Extension

The act of recognizing or determining an extension or expansion in a particular domain, such as a file format, a project scope, or a deadline.