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:

Pleadings

Documents filed with a court by parties to a legal action that detail their respective claims, defenses, and other material information relevant to the case.

English Courts

The judicial system in England and Wales, responsible for interpreting and applying English law in civil and criminal matters.

Equity

Refers to fairness or justice in the way people are treated or in the distribution of resources; in a financial context, it represents ownership interest in an asset or company.

Decree

A formal and authoritative order, often used in a legal context, such as a court decision or judgement.