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List the Implied Warranties Imposed by Law on an Assignor

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Essay

List the implied warranties imposed by law on an assignor who has received value for the assignment.


Definitions:

Total Tax

The sum of all taxes levied on an individual or a corporation by various governmental agencies.

Provincial Tax Brackets

These refer to the range of income segments taxed at different rates by provincial governments in countries like Canada, where taxation powers are shared between federal and provincial authorities.

Net Working Capital

The difference between a company’s current assets and its current liabilities, indicating the liquidity of the business.

Current Assets

Assets that a company expects to convert into cash within one year or one business cycle, whichever is longer.

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