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In Law,the Expression "An Assignee Can Have No Better Rights

question 49

Multiple Choice

In law,the expression "an assignee can have no better rights than an assignor" is synonymous with which of the following?


Definitions:

Administrative Reason

A justification based on policy, procedure, or bureaucracy within an organization.

Unexpected Opportunities

Situations or prospects that were not previously planned for or considered that could benefit the company or individual.

Secured Loan Agreement

A loan agreement in which the borrower pledges an asset as collateral for the loan, which the lender can seize if the loan is not repaid.

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.

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