Hiram, When He Assigns to Tim His Right to Receive

question 29

True/False

Hiram, when he assigns to Tim his right to receive the next four rent payments on an apartment he owns, warrants that the tenant will make the assigned payments to Tim.

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Definitions:

Adjudicated Insane

A legal determination that an individual is not mentally competent to manage their own affairs or stand trial.

Alzheimer's

A progressive neurological disorder that causes brain cells to waste away and die, leading to a decline in cognitive function such as memory and reasoning.

Procedural Unconscionability

Unconscionability that derives from the process of making a contract.

Legalese

The formal and technical language of legal documents that is often difficult for laymen to understand.