William Received an Assignment of Contractual Rights from His Uncle's

question 26

Multiple Choice

William received an assignment of contractual rights from his uncle's contract. William would be considered a(n) ________

• A) transferor
• B) transferee
• C) benefactor
• D) assignee
• E) assignor

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Definitions:

Equal Credit Opportunity Act

U.S. federal law ensuring that all consumers are given an equal chance to receive credit, prohibiting discrimination.

Credit Refusals

Situations where an individual or entity is denied access to credit or loans by a financial institution.

Order Acknowledgments

Formal communications that confirm the receipt and processing of an order to the customer.

Deductive Outline

An organizational structure that starts with the general idea or thesis and then presents specific evidence to support it.