Complete the following MRP record using the FOQ rule:
Definitions:
Statutory Novation
The replacement of an obligation to perform under a contract with a new obligation or party, as recognized by statute.
Effective Assignment
A transfer or allocation that fully accomplishes its intended purpose, often relating to tasks, responsibilities, or legal rights.
Statutorily Assigned
Designated or assigned by law or statute in a formal manner.
Notice of Assignment
A formal notification indicating that a particular assignment of rights or interests has been made.
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