The General Rule Is That an Assignee Stands in the Shoes

question 50

True/False

The general rule is that an assignee stands in the shoes of the assignor. He acquires the rights of the assignor but acquires no new or additional rights.

Distinguish between proximate and ultimate causes of animal behaviors.

Understand the concept and calculation of goodwill in the context of acquisitions and consolidations.

Recognize the treatment of dividends in financial statements and their impact on consolidation.

Distinguish between pre-acquisition and post-acquisition equity and its importance in the consolidation process.

---

Definitions:

Supercenter

A large retail store that combines groceries and general merchandise goods in a single location.

Power Center

A concentration of powerful entities or organizations that collectively exert influence over a specific domain or sector.

Central Business District

The commercial and often geographical heart of a city, characterized by high densities of retail businesses, offices, and services.

Regional Shopping Center

A large shopping center designed to serve a large area or region, typically housing a variety of stores, services, and often major department stores as anchor tenants.