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In General, an Assignment Includes an Implied Warranty That the Assignor

question 43

True/False

In general, an assignment includes an implied warranty that the assignor who receives value will do nothing to defeat or impair the assignment once it is delivered.


Definitions:

Sales Revenue

The earnings a business obtains through the sale of products or the delivery of services.

Trade Discount

A reduction in the listed price of a product or service, offered by sellers to buyers in the same trade or industry.

Purchase Price

The amount of money paid to buy goods or services.

Shipping Cost

Expenses associated with the transportation of goods from one place to another.

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