Which Rule States That in the Case of Multiple Assignments

question 8

Multiple Choice

Which rule states that in the case of multiple assignments of the same right, the first assignee to give notice of assignment to the obligor is the party with rights to the contract?

• A) The first-assignment-in-time rule
• B) The last-assignment-in-time rule
• C) The English rule
• D) The French rule
• E) The American rule

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Definitions:

Expected Returns

A projection of the amount of profit or loss an investment is likely to generate, factoring in various probabilities.

Higher-Risk Assets

Refers to investments that carry a greater possibility of losing value but offer a higher potential for financial rewards compared to lower-risk assets.

Derivative Security

A financial security whose value is derived from the value of an underlying asset, such as stocks, bonds, commodities, or currencies.

Common Share

A type of equity security that represents ownership in a corporation and entitles the holder to voting rights and dividends.