When Is an Assignment Enforceable Against an Obligor

question 1

Multiple Choice

When is an assignment enforceable against an obligor?

• A)from the moment the assignment is made
• B)from the moment the obligor signs the contract
• C)from the moment the assignee gives consideration
• D)from the moment the obligor is notified of the assignment

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Definitions:

Disposable Income

After-tax financial resources available to households for the purposes of saving and spending.

Unemployment Level

The proportion of the workforce that is not currently employed but actively seeking employment.

Interest Rate

is the cost of borrowing money or the return for investing, usually expressed as a percentage of the principal over a one-year period.

Consumption Function

An economic formula representing the relationship between total consumption and gross national income, positing that consumption patterns are directly related to income levels.