An Obligor May Assert Rights of Setoff Arising Out of Entirely

question 19

True/False

An obligor may assert rights of setoff arising out of entirely separate matters that he might have against the assignor, as long as the matters arose before he had notice of the assignment.

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Definitions:

Brainstorming Process

A creative group activity designed to generate a large number of ideas or solutions for a specific problem or question within a limited time frame.

Hitchhiking

The act of traveling by getting free rides from passing vehicles, typically by standing at the side of the road and thumbing or signaling to drivers.

Rational Mode

A thought process or approach that emphasizes logic, reasoning, and objectivity in making decisions or solving problems, often contrasted with emotional or intuitive responses.

Preparation Stage

A phase in various processes where planning and arrangements are made before the actual activity or implementation occurs.