Which Statement Below Is NOT True with Respect to the Rights

question 85

Multiple Choice

Which statement below is NOT true with respect to the rights of an assignee and assignor?

• A) Assignees essentially fill in for the assignor as the legal recipient of contractual duties.
• B) Assignees acquire the same contractual duties that were held by the assignor.
• C) Assignees are offered more protection than assignors.
• D) The obligor may raise any of the same defenses for nonperformance against the assignee that he would have been able to raise against the assignor.
• E) When an assignor transfers rights to an assignee, the assignor legally gives up all rights he or she previously had to collect on the contract.

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Definitions:

Positive Statements

Objective statements that can be tested, amended, or rejected by referring to the available evidence.

Normative Statement

A value judgment about what ought to be, expressing opinions or assertions that cannot be tested or verified.

Positive Statement

An objective statement based on factual evidence that can be tested and validated, often describing what is, rather than what ought to be.

Microeconomics

A branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders.